Based on the membership of the Eurosystem in 2017, the median country is likely to be:
A. growing more rapidly than the others.
B. very large.
C. Italy.
D. fairly small.
Answer: D
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Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that we observe Krystal staying open 4 hours per day
If she is following the marginal principle, what must her marginal benefit be? A) $12 B) $18 C) $24 D) $30
In response to an increase in technology, we would expect
a. both the short run and long run Phillips curve to shift to the right. b. both the short run and long run Phillips curve to shift to the left. c. the long run Phillips curve remains unchanged while the short run Phillips curve shifts to the right. d. the short run Phillips curve remains unchanged while the long run Phillips curve shifts to the right. e. none of the above.
Increasing economic growth may be beneficial because
a. mass poverty is a serious problem in the United States. b. most Americans do not have the basic goods and services necessary for a decent life. c. the price level falls only if the economy is growing. d. most of the world is still below the poverty level of income.
Which statement uses the term ceteris paribus correctly?
A) If you exercise regularly, you will be healthier, ceteris paribus. B) Blue is to green, ceteris paribus, as red is to purple. C) Most people consider Sunday to be the first day of the week, ceteris paribus. D) Interest rates usually rise in October, ceteris paribus. E) a and d