Economic growth in the United States has increased consistently since the 1950s.
Answer the following statement true (T) or false (F)
False
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If the price of smoothies is $3.50 in the United States and the exchange rate is 110 yen per dollar, then what is the yen price of smoothies?
A) 110 yen B) 240 yen C) 318 yen D) 385 yen
Complete the following statement. A collectively financed medical care system, providing universal coverage to a basic benefits package for everyone that includes the ability to purchase additional coverage with a supplemental insurance policy _____.
a. will do harm to the more vulnerable segments of the population - poor, sick, and elderly b. may not be equal, but is welfare enhancing for everyone c. seldom works when actually applied in the real world d. is unfair because it creates a two-tiered system
The optimization rule for unconstrained optimization is to select that level of activity at which
A. total benefit is less than total cost. B. marginal benefit equals marginal cost. C. marginal benefit exceeds marginal cost. D. total benefit is equal to total cost.
Managers can get workers to work longer hours:
A. by lowering wages on all hours worked. B. by increasing wages on all hours worked. C. with higher overtime pay in excess of regular hourly pay. D. with lower overtime pay in excess of regular hourly pay.