Measured in 2014 dollars, real GDP per person in the United States in 2014 was about
a. $37,000.
b. $56,000.
c. $57,000.
d. $67,000.
b
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What are ITQs? Where are they used?
What will be an ideal response?
If the minimum wage were abolished, the employment of unskilled and inexperienced workers would
A. rise. B. fall. C. stay the same.
Financial capital flows could include
A) real estate purchases. B) construction of factories. C) the purchase of the physical assets and operations of a multinational corporation by another. D) currency market transactions.
An independent trucker has to choose one of the four possible combinations of inputs listed below. The two inputs are drivers and machinery. If he buys expensive machinery, then he can hire fewer drivers to deliver the same output. The input combinations are Method 1: 20 drivers, 10 machines;Method 2: 50 drivers, 2 machines;Method 3: 100 drivers, 0 machines;Method 4: 10 drivers, 12 machines.Hiring a driver costs $10. Each machine costs $100. Which method should he use?
A. Method 3 B. Method 2 C. Method 1 D. Method 4