In what year did the housing bubble burst?
A. 2000
B. 2006
C. 2008
D. There was no such event.
Answer: B
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The situation pictured in Figure 6.2
A) is one of increasing marginal returns to labor. B) is one of increasing marginal returns to capital. C) is consistent with diminishing marginal product. D) contradicts the law of diminishing marginal product. E) shows decreasing returns to scale.
A major advantage to owners of preferred stock over common stock is that owners of preferred stock have voting rights
Indicate whether the statement is true or false
Given the table below, how much does the 13th worker add to total output? 
A. 29 units B. 28 units C. 420 units D. 130 units E. none of the above
The most widely used measure of income inequality is
A. the Bureau of Labor Statistics' cost-of-living index. B. the Laffer curve. C. the Gemini coefficient. D. the Lorenz curve.