Refer to the information provided in Figure 6.14 below to answer the question(s) that follow.
Figure 6.14Refer to Figure 6.14. If the price of an ice cream cone is $3, Jason?s income is
A. $50.
B. $375.
C. $450.
D. indeterminate because the price of ice cream sandwiches is not given.
Answer: C
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If real GDP per person in a country equals $40,000 and 60 percent of the population is employed, then average labor productivity equals:
A. $66,667. B. $40,000. C. $60,000. D. $24,000.
The data below relates to a pure monopoly and the product it produces. What is the profit-maximizing output and price for this firm?
A. P = $15; Q = 3
B. P = $12; Q = 5
C. P = $18; Q = 2
D. P = $14; Q = 4
Educating girls and women should reduce population growth because better-educated girls and women
a. will take better care of their children b. are more likely to practice contraception c. are more likely to want income from working rather than having additional children d. tend to want to spend more on fewer children rather than less on a greater number of children e. all of the above
Which of the following countries experienced substantial inflows of foreign investment capital, with bank lending increasing by 20 percent to 30 percent per year through the mid-1990s?
a. Argentina b. Brazil c. Russia d. Malaysia