Sam, who owns a carpentry shop, discovered that with 4 laborers he could produce 18 cabinets per day. With 5 laborers he produced 25 cabinets and with 6 laborers he produced 36 cabinets. What was the MPP of the 6th laborer?
A) 11 cabinets
B) 7 cabinets
C) 36 cabinets
D) 9 cabinets
A
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In the figure above, the richest 20 percent of households receive ________ of total income
A) 55 percent B) 45 percent C) 80 percent D) 60 percent
The money supply is controlled by the
A) New York Stock Exchange. B) Federal Reserve System. C) stock of gold in the economy. D) President of the United States.
Skeeter's Skeeball Castle has seen its business slow down ever since Kerrie's Off-Key Karaoke opened up next door. Since the opening of Kerrie's Off-Key Karaoke, the opportunity cost of playing skeeball at Skeeter's has
A) decreased. B) increased. C) fallen to zero. D) not changed.
When the dollar value of a country's imports of final products is less than the dollar value of its exports, the country has a
A. balance of trade deficit. B. budget surplus. C. budget deficit. D. balance of trade surplus.