In 2011 Buckeye Brewing produced 1,000 bottles of ginger ale each day. It employed 10 workers each working 8 hours a day. In 2012 it produced 960 bottles of ginger ale each day employing 8 workers who worked 8 hours each day. Productivity at Buckeye Brewing
a. increased by 20%.
b. increased by 16.67%.
c. decreased by 1.67%.
d. decreased by 40%.
a
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Imports are defined as the goods and services that we
A) partially produce in both the United States and another country. B) produce and consume in the United States. C) produce abroad using U.S. owned factories and then consume in the United States. D) buy from other countries. E) sell to other countries.
Which of the following is an objective of fiscal policy?
A) high rates of economic growth B) discovering a cure for AIDs C) energy independence from Middle East oil D) health care coverage for all Americans E) homeland security
The prices of related goods matters when determining supply because it affects:
A. the opportunity cost of production. B. whether or not your good will sell. C. the competition in the market. D. the availability of substitute goods.
The equilibrium interest rate in a money market is determined by: a. the rate of inflation
b. aggregate demand and aggregate supply. c. money demand and money supply. d. the Congress. e. the Fed.