_____ is the primary reason that explains why some nations are richer than the others
a. A democratic government
b. A strong judicial system
c. Access to education
d. Private ownership
e. A stable currency
d
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If free international trade opens up and a country has a comparative disadvantage in sugar production, we should expect
a. greater sugar consumption in that country b. higher sugar prices in that country c. greater sugar production in that country d. lower sugar prices in sugar-exporting countries e. greater sugar consumption in sugar-exporting countries
The level of Social Security benefits is adjusted each year based on the ________________ Price Index.
a. Consumer b. Production c. Personal d. Purchasing
Corporate profits that are not reinvested in the corporation are distributed to
a. consumers in the form of lower prices b. management and bondholders c. management and the board of directors d. shareholders in the form of interest e. shareholders in the form of dividends
Refer to the table shown.Number of WorkersTotal Product per Hour124244360474584690792The marginal physical product of the sixth worker is ________, and the average product of six workers is ________.
A. 2; 13 B. 13; 2 C. 6; 15 D. 15; 6