"If you hire 1 worker, the worker can produce 20 pizzas a day. If you hire a 2nd worker, that worker can produce 10 more pizzas. If you hire a 3rd worker, that worker can produce 2 more pizzas a day"
A graph displaying this relationship between the number of employees and total pizza output per day would show A) a positive linear relationship.
B) an upward-sloping curve that becomes less steep.
C) a negative linear relationship.
D) a negatively-sloped curve that becomes less steep.
B
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Use the following supply and demand graph for product X to answer the question below. What would happen if the government subsidized consumption of this product because it has positive externalities in consumption?
A. demand would increase B. price would decrease C. supply would increase D. demand would decrease
Since the 1940's U.S. union membership has
a. fallen. This decline should have reduced structural unemployment. b. fallen. This decline should not have reduced structural unemployment. c. risen. This increase should have raised structural unemployment. d. risen. This increase should not have raised structural unemployment.
The concept of______________ is central to the estimation of market value, primarily because it serves as the foundation for identifying comparable properties
Fill in the blank(s) with the appropriate word(s).
The Food, Conservation, and Energy Act of 2008 does not address the fundamental problem of agricultural subsidies, which is that those subsidies:
A. reduce work incentive for farmers, thus reducing agricultural production. B. slow the exodus of resources from agriculture, increase production of agricultural products, and reduce crop prices and market incomes. C. increase the exodus of resources from agriculture and reduce investments by farmers in land and equipment. D. are based on past agricultural production and not on current agricultural production.