Which of the following is the most difficult to measure? Changes in ________
A) the size of the labor force
B) population
C) the quantity of labor
D) productivity
D
Economics
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Suppose an economy has a balanced federal budget, and a large increase in oil prices plunges the economy into a recession. Tax revenues will ________ and expenditures on transfer payments will ________, resulting in a budget ________
A) increase; increase; surplus B) fall; increase; deficit C) increase; fall; surplus D) fall; fall; deficit
Economics
How is the total cost of a factory or other production site determined?
(A) Fixed cost plus marginal cost. (B) Fixed cost plus variable cost. (C) Marginal cost plus variable cost. (D) Marginal cost plus output cost.
Economics