Assuming that one dollar trades for 50 rupees, what is the dollar cost of 750 rupees?

Economics is different from a "hard" science like physics because: a. economists abstract from reality in creating their theories

b. economics is easier to study than physics. c. economists must explain their theories to policy makers who lack formal mathematical training. d. economists cannot easily control all the variables that might influence human behavior.

According to the neoclassical theory of distribution, the wages paid to workers depend on the

a. supply of labor. b. demand for labor. c. marginal productivity of labor. d. All of the above are correct.