Refer to Figure 17-1. If Dale can sell her doilies at $2 each, what is the marginal product of the 5th worker?
A) $28 B) 28 doilies C) $56 D) 14 doilies
D
Economics
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Scarcity means that: a. human desires are limited
b. resources are insufficient to satisfy all human desires. c. choices are unnecessary. d. all but the very wealthy must face choices.
Economics
Everything else being equal, one can expect the euro to appreciate relative to the dollar if
a. Americans decrease their travel to Germany. b. the Germans add to their holdings of U.S. Treasury bills. c. Americans purchase land in Germany and build factories. d. American exports to Germany increase.
Economics
The labor force participation rate is the ratio of
What will be an ideal response?
Economics
Liquid assets that are close substitutes for money are known as
A. near moneys. B. far moneys C. deposits. D. None of the above is correct.
Economics