Which of the following are services included among top U.S. exports?
a. automobiles and aircraft
b. insurance and banking
c. sports and athletic training
d. nursing and home care
b. insurance and banking
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Pat used to work as an aerobics instructor at the local gym earning $35,000 a year. Pat quit that job and started working as a personal trainer. Pat makes $50,000 in total annual revenue. Pat's only out-of-pocket costs are $12,000 per year for rent and utilities, $1,000 per year for advertising and $3,000 per year for equipment.Pat's explicit costs are ________, and Pat's implicit costs are ________.
A. $16,000; $51,000 B. $15,000; $36,000 C. $35,000; $16,000 D. $16,000; $35,000
Some commentators will argue that increases in productivity may have no effect or even a negative effect on employment in the short run. Explain what must occur for an increase in productivity to have no effect or even a negative effect on employment in short run
What will be an ideal response?
One example of the health damage that can be caused by pollution is
A. a greater incidence of asthma due to air pollution. B. the harm to agriculture. C. the reduction in enjoyment from damaged environmental amenities. D. damage to a functioning ecosystem.
________ is a problem that occurs when one concludes that a change in variable X caused a change in variable Y when in actual fact, it is a change in variable Y that caused a change in variable X
A) The omitted variable B) The positive-to-negative relationship C) Reverse causality D) Nonlinear slope