Using the data in the above table, which worker at Jefferson's Cleaners has the highest marginal product?
A) the second
B) the third
C) the fourth
D) the fifth
B
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The evolution of the payments system from barter to precious metals, then to fiat money, then to checks can best be understood as a consequence of the fact that
A) paper is more costly to produce than precious metals. B) precious metals were not generally acceptable. C) precious metals were difficult to carry and transport. D) paper money is less accepted than checks.
Total expenditure equals price times elasticity
a. True b. False Indicate whether the statement is true or false
In the diagram, it is assumed that investment, net exports, and government purchases:
A. are leakages from the circular flow.
B. are independent of the level of GDP.
C. vary inversely with GDP.
D. vary directly with GDP.
Everything else held constant, if the expected return on ABC stock rises from 5 to 10 percent and the expected return on CBS stock is unchanged,
then the expected return of holding CBS stock ________ relative to ABC stock and the demand for CBS stock ________. A) rises; rises B) rises; falls C) falls; rises D) falls; falls