The division of labor refers to
A. workers being assigned specific tasks.
B. creating jobs that all people can perform at the same level.
C. separating men and women in the workforce.
D. workers performing multiple tasks.
Answer: A
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Among developed countries, the United States has
A) one of the lower Gini coefficients. B) one of the higher Gini coefficients. C) the most unequal distribution of income. D) an income distribution right about at the median of those countries.
The Book Nook reduces prices by 20%. If the dollar value of The Book Nook's sales remain constant, it indicates that: a. the quantity of books sold remains constant. b. the demand curve is horizontal
c. the demand curve is vertical. d. the quantity of books sold increases by 20%.
In 2015, ZVX motors sold 17,241 units of their latest superbike, the ZVX-1200 . Each ZVX-1200 costs $9,763 to the company, and is sold at a price of $17,255 per unit. The total revenue earned by ZVX motors in 2015 is:
a. $297,493,455. b. $297,442,463. c. $168,323,883. d. $165,131,644.
Refer to Figure 2.1. What is the opportunity cost of increasing production of manufactured products from 500 tons to 600 tons per year?
A. 200 tons of agricultural products per year B. 400 tons of agricultural products per year C. 500 tons of agricultural products per year D. 600 tons of agricultural products per year