A durable good is expected to last longer than
a. ten years
b. twenty years
c. one month
d. one year
e. five years
D
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The question "Should economics majors or sociology majors earn more after they graduate?" is an example of a ________ question
A) what B) how C) for whom D) where E) why
Consider two products, automobiles and shoes. If shoes are labor intensive and automobiles are capital intensive, what can we expect in freetrade conditions?
a. The relative price of automobiles in the autoexporting country will decrease. b. The relative price of shoes in the shoeexporting country will increase. c. The capitalabundant country will produce more shoes. d. The laborabundant country will produce more automobiles.
This profit-maximizing (loss-minimizing) firm is making a profit or loss of about __________.
A. $480
B. $500
C. $800
D. -$450
Using the above table, the employment rate is
A. 69.1 percent. B. 65.6 percent. C. 48.5 percent. D. 95.0 percent.