In the above table, which two workers have the same marginal product?
A. 1 and 3
B. 1 and 2
C. 2 and 4
D. 1 and 4
Answer: D
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If higher inflation is expected in the future, then the
A) SAS curve shifts rightward. B) AD curve shifts rightward. C) LAS curve shifts rightward. D) None of the above answers is correct.
We associate the term debt finance with
a. the bond market, and we associate the term equity finance with the stock market. b. the stock market, and we associate the term equity finance with the bond market. c. financial intermediaries, and we associate the term equity finance with financial markets. d. financial markets, and we associate the term equity finance with financial intermediaries.
A decrease in the tax on capital income _______ the real interest rate and ________ investment and economic growth.
Fill in the blank(s) with the appropriate word(s).
Suppose that if poor households have a price elasticity of demand for medical care of 0.50 and rich households have a price elasticity of demand for medical care of 0.25, then a price increase of 10% would lead to the poor households reducing their quantity demanded for medical care by:
A. 2.5%. B. 5%. C. 25%. D. 50%.