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1) Entrepreneurship differs from the other factors of production because it A) has only existed since the new economy of the 1990s. B) is the most important. C) is not paid. D) is not real. E) is not traded in a factor market.
2) A natural resource is renewable if it A) cannot be replaced once it has been used. B) can be used repeatedly. C) is available at a price of zero. D) never has to rest. E) has a perfectly elastic supply.
3) The supply of labor curve for nurses shifts if A) the value of marginal product of nurses decreases. B) the wage rate paid nurses increases. C) there is an increase in the time spent in nursing school. D) the marginal product of nurses decreases. E) the value of marginal product of nurses increases.
A decrease in productivity in a country will cause its currency to ________ because it produces goods at a ________ price, everything else held constant.
What would the annual percentage rate be if the city plans to make an interest payment of $2 million - The City of Phoenix plans to buy five additional mass transit cars for $15 million, and pay off its loan in 10 years.
Gains from trade will result if a country specializes.
q1. explain what does the axiom of strict convexity of involve about preferences? also clarify in words as well as
q.in year 1 and year 2 there are two products produced in a given economy computers and bread. suppose that there are
Consider a new per-worker employment tax on workers (where previously there was no tax). outline the consequences of this tax on the local labor market. use appropriate, clear and well labeled diagrams.
SteelTubes had sales of $300 million this year. Expenses were $250 million. Aside from these figures, the company also invested in new mills for carbon steel tubing, complete with peripheral loading, straightening, and coiling equipment plus facility..
Records show that 12% of all college students are foreign students who also smoke. It is also known that 60% of all foreign college students smoke. What percent of the students at this university are foreign?
Explain the agency relationship that exists on social media sites between the social media provider and businesses that utilize the site for advertising.
Consider an economy in which people wish to hold money balances worth a total of 5 million goods. They are indifferent between money issued by the central bank and money issued by private banks (as long as both offer the same rate of return). What ra..
Compute the resulting utility if the population were on million higher and one million lower than the optimum.
The impact on this monetary aggregate of extensive monetary aggregate of extensive financial innovation - the changes in the kinds of deposits and services offered by banks- led the central bank to drop M1 as an intermediate target. What impact would..
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