The improved health of a nation can increase:
A. the productivity of workers and economic development.
B. economic growth and malnutrition among children.
C. economic development and illiteracy.
D. productivity of workers and fiscal policy spending.
A. the productivity of workers and economic development.
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Marginal revenue
a. Is the additional revenue earned by selling one more unit b. Is always equal to the total revenue c. Is the difference between total revenue and total costs d. None of the above
During the financial crisis of 2007–2009, the interest rate on mortgage-backed securities had
A. increased and the Treasury interest rate had risen. B. increased and the Treasury interest rate had fallen. C. decreased and the Treasury interest rate had risen. D. decreased and the Treasury interest rate had fallen.
The demand curve faced by a pure monopolist
A) is the same as its marginal revenue curve. B) is perfectly inelastic. C) lies below the marginal revenue curve. D) is the market demand curve.
Aggregate supply can usually be increased as workers
A. work smarter, better and more efficiently when provided with better, education, tools, and technology. B. work smarter, better, and more efficiently. C. work harder. D. are provided with better education, tools, and technology.