For a trade to take? place, a? buyer's willingness to pay must be? ____________.
A. higher than the? seller's willingness to accept.
B. equal to the? seller's willingness to accept.
C. lower than the? seller's willingness to accept.
D. A and B only.
E. All of the above.
D. A and B only.
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Sun's Gas Station is a firm operating in a perfectly competitive industry. Sun's Gas Station sells each gallon of gas for $3. What is the value of marginal product from hiring the fourth worker?
A) $2,400 B) $840 C) $120 D) $60
Which of the following is not a component of the aggregate demand curve?
a. Consumption (C). b. Investment (I). c. Government spending (G). d. Net exports (X-M). e. All of these are components.
Victor M. Rios describes the way that a range of social institutions provide justification for law enforcement to treat young Black and Latino bodies as disposable. He refers to the coalition of social institutions that punish, stigmatize, and dehumanize poor youth of color as a _______________.
Fill in the blank(s) with the appropriate word.
Which of the following statements about U.S. exports and imports is true?
a. Exports comprise a higher percentage of GDP than imports do. b. Quotas serve to keep the ratio of exports to imports constant. c. Since 1960, exports and imports typically have not risen above 5% of GDP. d. Since 1960, both exports and imports have grown as a percentage of GDP.