Refer to the information provided in Figure 7.2 below to answer the question(s) that follow. 
Figure 7.2Refer to Figure 7.2. The marginal product of the first worker is ________ lawns moved.
A. 3
B. 4
C. 5
D. 11
Answer: A
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Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
It is difficult for a private market to provide the economically efficient quantity of a public good because
A) by law governments cannot use cost-benefit analysis to determine this quantity. B) it is too expensive to produce the necessary amount of the good. C) individual preferences are not revealed in the market for the good. D) public goods produce positive and negative externalities.
According to the text, what is the largest source of earned income for U.S. households?
A. Wages and salaries. B. Corporate profits. C. Proprietors' income. D. Interest.
A decrease in the supply of milk will lead to a decrease in the QUANTITY DEMANDED of milk.
a. true b. false