Health and safety standards are generally similar in most countries
Indicate whether the statement is true or false
FALSE
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Which of the following is a good proxy for the measure of economic prosperity when GDP per capita data is unavailable?
A) Measurements of producer surplus B) Measurements of consumer surplus C) Measurements of balance of payments D) Measurements of urbanization
If total private-sector employment increased from 15,000 in March to 15,750 in April, then we know for sure that
A) the private sector created 750 jobs during that time frame. B) the unemployment rate deceased during that time frame. C) the change in private-sector employment was 750 during that time frame. D) All of the above answers are correct interpretations of the information.
The above table depicts the output of a firm that manufactures computers. The computers sell for $1,000 each. What is the marginal physical product (MPP) of the eleventh worker per week?
A) 90 units B) 80 units C) $7,000 D) $6,000
Other things equal, an increase in a consumer's money income:
A. increases the amount of utility a consumer receives from a given quantity of a good. B. shifts the individual's budget line rightward because she can now purchase more of both products. C. eliminates the individual's economizing problem. D. causes the consumer to choose a different combination of goods along a given budget line.