The _________ measures overall progress in 174 countries, based on life expectancy, adult literacy rate, education level and GDP per capita
a. United Nations Well-Being Ratio
b. Human Development Index (HDI)
c. De Facto Index
d. International Impact Survey
B
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Government regulations that increase the cost to the employer of hiring workers will:
A. increase the supply of labor. B. increase the demand for labor. C. decrease the supply of labor. D. decrease the demand for labor.
The demand for foreign currency in the United States is a
A) direct demand. B) derived demand based on the demand for U.S. products. C) derived demand based on the demand for foreign products. D) direct demand based on the demand for U.S. dollars.
A business incurs the following costs per unit: Labor $125/unit; Materials $45/unit and rent $250,000/month. If the firm produces 1,000,000 units a month, the total fixed costs equal
a. $250,000 b. $50,000 c. $20,500 d. $30,000
The different points on a cost curve represent alternative production possibilities in the same time period.
Answer the following statement true (T) or false (F)