Jane owns a pizza joint. In the month of February, she sold 310 medium-base pizzas and 207 large-base pizzas. She charges $9 for a medium-base pizza and $12 for a large-base pizza. The total revenue earned by Jane in February is:
a. $5,210
b. $4,284.
c. $5,274.
d. $10,857.
c
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In an open economy with strong international trade, increases in government spending are likely to have an overall "crowding out" effect
Indicate whether the statement is true or false
Which of the following is an example of a resource?
a. Land b. Capital c. Entrepreneurship d. All of the above are resources
In order to meet the dual mandate, the Fed must:
A. keep unemployment levels near the NAIRU. B. maintain price stability. C. maintain full employment. D. All of these statements are true.
Individuals with more experience tend to earn more than individuals with less experience. This is because
A. experience is a compensating differential. B. experience on the job increases an individual's human capital. C. the government requires that more-experienced workers be paid more than less-experienced workers. D. it is only fair that a more-experienced worker be paid more than a less-experienced worker.