Every time you go to the grocery store, you try to wait in the shortest line. But the lines always seem to be roughly the same length. Why?
A. The cashiers do not have an incentive to work faster.
B. The cashiers work at the same speed.
C. Other people are trying to choose the shortest line too.
D. Random chance equalizes the length of the lines.
Answer: C
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Using the table, Fred's marginal cost of the 200th slice of pizza is
A) $2.50. B) $6. C) $0.50. D) $20.
Because women have a longer average life span than men, they pay
A) more for health insurance. B) less for health insurance. C) more for life insurance. D) less for life insurance.
Adding the market value of all final and intermediate goods and services in an economy in a given year would result in:
A. an amount less than GDP for that year. B. an amount greater than GDP for that year. C. the calculation of GDP for that year. D. the calculation of NDP for that year.
Which of the following is excludable but not rivalrous in consumption?
a. Cable television b. Non congested toll roads c. Near empty gold courses. d. All of the above.