Refer to Figure 7.2. The marginal product of the second worker is ________ lawns moved.
A) 3
B) 5
C) 8
D) 11.
Answer: B) 5
Economics
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Income inequality increases as the Gini coefficient approaches 1
Indicate whether the statement is true or false
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Lisa runs a local flower shop, if it rains on Valentine's Day and she opens the shop, she will lose $200. If it does not rain on Valentine's Day, she will earn $500 dollars as profits
The chance of rain is 30%, the standard deviation of the profits Lisa could earn on Valentine's Day is A) 198.17. B) 135.61. C) 432.43. D) 290.
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When real GDP grows more slowly than potential GDP,
a. nominal GDP rises. b. the unemployment rate falls. c. labor productivity falls. d. the unemployment rate rises.
Economics
Sam is a musician who is out of work because electronic equipment replaced live musicians. This is an example of
Economics