Refer to Table 17-3. What is the amount of revenue added as a result of hiring the fourth worker?
A) $7,200 B) $1,200 C) 90 microwaves D) 15 microwaves
B
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The above table shows answers given by people interviewed in the Current Population Survey. Which people are structurally unemployed?
A) A, B, C, and D B) A, B, and C C) B and C. D) A, B, and D
When many banks fail simultaneously, this is known as a
a. run on the bank b. depression c. recession d. banking panic e. Federal Reserve crisis
Due to consumer demand, a candy manufacturer has decided to boost production of caramel chews. This action answered which basic economic question?
a. How will the goods and services be produced? b. Who will get the goods and services? c. What is the best method of production? d. What goods and services will be produced?
A commercial bank is a financial institution that:
A. determines the value of currency. B. prints and distributes currency. C. holds the savings of individuals for a fee until they need them. D. borrows from and lends to individuals and businesses.