Incentive goods are
a. manufactured goods for consumption by farmers
b. manufactured inputs for farm production
c. agricultural goods that can be sold in the cities
d. agricultural goods that are left for consumption in the rural areas
e. none of the above
A
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Which factor of production includes water?
A) physical capital B) human capital C) land D) entrepreneurship
A profit-maximizing competitive firm will hire workers up to the point at which the wage equals the price of the final good multiplied by the marginal product of the last worker hired
a. True b. False Indicate whether the statement is true or false
Which of the following is not a result of a reduction in the federal budget deficit?
A) a higher real interest rate B) a depreciation of the currency C) a rise in exports D) a rise in the price of foreign inputs
Refer to the information provided in Figure 6.13 below to answer the question(s) that follow.
Figure 6.13Refer to Figure 6.13. Assume Ellen has two products available, pizza and hamburgers. Ellen must be compensated with more pizzas as she gives up more hamburgers. The curve in Panel ________ represents her indifference curve.
A. A B. B C. C D. D