Over time, population growth in the different regions of colonial America was consistent and even
Indicate whether the statement is true or false
False
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Labor payments generally represent ________ of income payments
A) one-fourth B) three-fourths C) one-third D) two-thirds
In Figure 3-4 above, the marginal propensity to consume is
A) 500. B) 2.5. C) 0.6. D) 0.4. E) 1.5.
Homer and Marge both enjoy lasagna and wine. Homer's utility function is given by U(L,W) = 12L + 4W. Marge's utility function is given by U(L,W) = 2L + 2W. In each function, L stands for plates of lasagna and W stands for glasses of wine. Would Homer and Marge agree to a trade in which Homer gives Marge a plate of lasagna in exchange for two glasses of wine?
What will be an ideal response?
Dumping is said to occur when
A. Foreign producers sell their goods abroad at prices lower than our average cost of production. B. Foreign producers sell their goods abroad at prices lower than their marginal cost of production. C. Some foreign countries have trade surpluses and others have a trade deficit. D. Foreign producers sell their goods in export markets at prices below domestic prices.