Lucy and Lincoln are salespeople working for the same company with equal skills, ability, and experience. Both are paid a small base salary but the majority of their compensation is in the form of a commission, which is a percentage of the sales they make. Lucy earns more each year than Lincoln. What can you conclude about Lucy and Lincoln?
Lucy is more productive, exerts more effort than Lincoln.
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The term tax incidence refers to
A) the amount of revenue government collects from a tax imposed on a good or service. B) whether the burden of a tax rests more heavily on those with higher incomes or those with lower incomes. C) the degree of progression of a tax. D) the actual division of the burden of a tax between buyers and sellers in a market.
Policy activists' hope that they can undertake successful stabilization policy is ________ by the fact that natural real GDP ________ during recessions
A) improved, falls B) worsened, falls C) improved, increases D) worsened, increases
An exchange rate appreciation will shift the aggregate demand curve inward
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 7.3 below to answer the question(s) that follow. 
Figure 7.3Refer to Figure 7.3. The average product of the first worker is ________ yards raked.
A. 4 B. 10 C. 14 D. 27