Specialization and the division of labor typically result in
A. decreased output.
B. a greater reliance upon imports.
C. increased output.
D. cost overruns.
Answer: C
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Suppose Jenny's marginal utility of fish is 40 and her marginal utility from chips is 20. The price of fish is $10 and the price of chips is $1. What should Jenny do to maximize her utility? Explain your answer
What will be an ideal response?
What percentage of American business firms are incorporated?
A. About 20 percent B. About 40 percent C. About 50 percent D. Over 60 percent
Hyperinflation is usually accompanied by a great macroeconomic expansion
a. True b. False Indicate whether the statement is true or false
From 1950-2014 the price level in the United States increased more than
A) twofold. B) threefold. C) sixfold. D) tenfold.