Labor productivity is
A) the quantity of capital one worker can produce in one day.
B) the quantity of output produced in one hour by several workers.
C) the quantity of output produced in one hour by one machine.
D) the quantity of output produced by one worker or by one hour of work.
D
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Las Vegas Sands Corporation is trying to acquire 50 acres of land to build a casino resort in Pennsylvania. There are 60 houses on the land the company needs
Explain how eminent domain could be beneficial in the process of acquiring this land in terms of transactions costs and the holdout problem.
A bank run involves
A) a failure by a bank to get the maximum return on its investments. B) large numbers of depositors withdrawing their deposits within a short period of time. C) a bank being forced out of business. D) fraud on the part of a bank's managers.
Options traded on exchanges are known as:
A) listed options B) exchange traded options C) call options D) put options
The effectiveness of a country's military expenditures depends on _____
a. how much other nations spend in response b. whether or not they are in an arms race c. whether they have effectively estimated demand for national defense d. depends on the size of a country