What is 25 percent of 200?
A. 25
B. 8
C. 100
D. 50
Answer: D
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Under the Soviet system of communism,
A) technological progress was slow because managers had little incentive to develop new technologies. B) managerial pay was determined by the extent to which managers could lower the per-unit costs of production. C) the per-worker production function in the Soviet Union shifted up more rapidly than production functions in other countries. D) competitive pressures in the Soviet Union allowed the country's technological progress to keep pace with the rest of the world.
If crop dusting on your farm causes your neighbors to have sore throats, then crop dusting is creating
A) only explicit costs. B) opportunity costs. C) external costs. D) internal costs.
When a rare skill contributes to the production of something that consumers value highly the:
A. value of the marginal product is high. B. marginal product is high. C. marginal cost per unit is low. D. total product is high.
Which of the following weakened the demand stimulus effects of the fed's low interest rate policy during the years following the 2008-2009 recession?
a. Rising stock prices in response to the low-interest rate policy. b. The lower cost of borrowing to undertake business investment. c. An increase in the velocity of money. d. A reduction in earnings of senior citizens and others from money market accounts, saving deposits, and similar forms of savings.