Suppose Jennifer derives $100 in marginal benefits from her first skiing trip and $80 from her third tri
A) more than $100.
B) between $100 and $80.
C) between $79 and $51.
D) less than $51.
E) some amount that cannot be calculated without additional information.
B
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What measure of GDP shows the value of goods and services produced if we valued these good and services at the prices that prevailed in some specific year in the past?
The following table shows the units of output a worker can produce per month in country A and country B. Country Food Electronics Country A 20 5 Country B 12 4 The opportunity cost of a unit of electronics in Country B is
A. 3 units of food. B. 2 units of food. C. 5 units of food. D. none of these.
Which of the following industries had the highest unionization rate in 2011?
A. Finance B. Construction C. Transportation D. Manufacturing
The price of good A goes up. As a result, the demand for good B shifts to the left. From this we can infer that:
A) good A is used to produce good B. B) good B is used to produce good A. C) goods A and B are substitutes. D) goods A and B are complements. E) none of the above