A One-Child Policy was instituted in 1979 in ________
A) Brazil
B) South Africa
C) India
D) China
D
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The decision to go to graduate school is a rational one for a college student if the
A) cost is not too great. B) marginal cost exceeds the marginal benefit of graduate school. C) marginal benefit of graduate school exceeds the marginal cost. D) opportunity cost of graduate school equals zero. E) student carefully compared the social benefits of this decision.
Which of the following would be included in this year's GDP?
a. the value of a used car, at its sale price b. the value of a new domestic automobile, at its sale price c. a sale of Microsoft stock from one individual to another d. the face value of a life insurance policy paid to a woman at the death of her husband
As the money supply increases, interest rates _______ and aggregate demand shifts to the _______.
A. Increase; left B. Increase; right C. Decrease; left D. Decrease; right
You operate a shop that repairs TVs and VCRs. The going wage rate in a competitive market for skilled repair people is $18 per hour. Given the current demand for your services, the marginal revenue product of your repair people is $28 per hour. If you were to employ one more hour of a repair person's services you would
A. increase your profit by $28. B. increase your profit by $18. C. increase your profit by $10. D. not increase your profit at all.