Who faces trade-offs?
A) individuals
B) households
C) governments
D) all of the above
D
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An increase in the quantity of capital per worker would: a. rotate the per-worker production function outward
b. rotate the per-worker production function inward. c. shift the per-worker production function downwards. d. shift the per-worker production function upwards. e. result in a rightward movement along the current per-worker production function.
When the market for a good is a natural monopoly, this results in a. improved product choice for consumers
b. many producers charging low prices for the good. c. dominance by a single producer of the good. d. increased entry by new producers of the good.
Which of the following statistics is usually regarded as the best single measure of a society's economic well-being?
a. the unemployment rate b. the inflation rate c. gross domestic product d. the trade deficit
The manager of the customer service department at a bank can hire employees with a high school degree (HS) who earn $10,000 annually or employees with a bachelor's degree (B) who earn $20,000. The manager wants to maximize the number of customers served given a fixed payroll. 
Given the above info, if the manager currently has three HS and three B, what must be true?
A. The manager is not making the correct decision because bachelor's degree holders are more productive at all levels of customer served. B. The manager is making the correct decision because the marginal contributions are proportionate. C. More customers could be served if the manager hires fewer HS and more B. D. More customers could be served if the manager hires more HS and fewer B.