The increase in revenue created by hiring one more unit of labor is the
A) marginal product of labor.
B) marginal revenue of labor.
C) marginal product revenue of labor.
D) value of marginal product of labor.
D
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A(n) ________ is a system of controlling overfishing whereby the government decides how big the total fish catch will be and then lets fishermen negotiate to determine the share of the total catch each fisherman will be allowed
Fill in the blank(s) with correct word
Compared to the situation in which a good is legal, making the good illegal and imposing ________ results in less being sold
A) a much higher fine on sellers than on buyers B) a much higher fine on buyers than on sellers C) any fine on either the buyer or the seller D) all of the above
The unemployment rate for people with less education typically is ________________ than for those with higher levels of education.
a. lower b. longer c. higher d. shorter
A country has a trade deficit. Which of the following must also be true?
a. net capital outflow is positive and domestic investment is larger than saving b. net capital outflow is positive and saving is larger than domestic investment c. net capital outflow is negative and domestic investment is larger than saving d. net capital outflow is negative and saving is larger than domestic investment