The table above shows the short-run product schedule for Virginia's Tee-Shirts. The worker for whom the law of diminishing returns initially occurs is the ________ worker
A) 5th
B) 4th
C) 3rd
D) 2nd
C
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The World Bank will primarily make
A) short-term loans for investment projects that are relatively safe. B) long-term loans for investment projects that are relatively risky. C) short-term loans for investment projects which might not receive private financial support. D) long-term in nature for investment projects which might not receive private financial support.
Regardless of whether goods are inferior or normal, the deadweight loss from a per-unit tax is always greater the more price elastic the market demand curve for a good.
Answer the following statement true (T) or false (F)
Patterns of trade among nations are primarily determined by
a. cultural considerations. b. political considerations. c. comparative advantage. d. differences in the income elasticity of demand among nations.
The natural rate of unemployment is the unemployment rate during a period of full employment.
Answer the following statement true (T) or false (F)