In calculating gross domestic product, investment refers to the purchase of new ______________ goods.
a. quality
b. capital
c. government
d. superior
b. capital
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Studies show that the largest negative impact of illegal immigrants is on:
A. The wages of native-born workers B. The average wage in the U.S. C. Employment opportunities of native-born workers D. The wages of previous immigrants
Economic freedom requires
A) that there are no regulations and restrictions set on businesses and households by the government. B) the rule of law and the ability to enforce the laws. C) strong labor unions. D) freedom to bribe government officials. E) that the government be a democracy.
Assume that the quantity consumed of pizza is dependent on three factors: the price of a pizza, the income of pizza purchasers, and consumers' taste for pizza
When graphing the relationship between the price of a pizza and the quantity of pizza consumed A) the price of a pizza and the income of pizza consumers are the only variables that are allowed to change. B) the price of pizza and quantity consumed of pizza are the only variables that are allowed to change. C) consumers' taste for pizza and the income of pizza purchasers are the only variables that are allowed to change. D) None of the above answers are correct.
Refer to the above table. What is the marginal factor cost when the firm employs the second unit of labor?
A) $19
B) $21
C) $36
D) $38