Which of the following is not an explicit cost for the owner of a local pizza parlor?
a. flour
b. cleaning products
c. other uses for the land that the parlor sits on
d. pizza ovens
c
You might also like to view...
In Econland total output is $8 billion, population equals 500,000 people, and, of these, 400,000 are employed workers. Output per person in Econland equals ________ and average labor productivity equals ________.
A. $20,000; $20,000 B. $16,000; $20,000 C. $20,000; $16,000 D. $16,000; $16,000
Most college professors are granted tenure after six years of employment. Tenure implies a lifetime appointment. What problem does this situation create, and how can colleges minimize the problem?
What will be an ideal response?
In the RBC model, an adverse supply shock causes the decrease in natural real GDP to be minimized when the labor supply curve is
A) downward sloping and extremely flat. B) upward-sloping and extremely flat. C) upward-sloping and extremely steep. D) vertical.
Government's monopoly on force implies that government can both protect and violate rights
a. True b. False