The study of aggregate economic activity for the economy as a whole is
A. Opportunity cost.
B. Scarcity.
C. Microeconomics.
D. Macroeconomics.
Answer: D
Economics
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In the above table, what is the marginal factor cost of the 5th worker?
A) $22 B) $18 C) $90 D) $26
Economics
Consider an investment with the following payoffs and probabilities: State of the Economy Probability Return Stability .50 1,000 Good Growth .50 2,000 Determine the expected return for this investment
a. 1,300 b. 1,500 c. 1,700 d. 2,000 e. 3,000
Economics