Geographical conditions such as good climate, availability of natural resources, and fertile soil are examples of:
A) proximate causes of prosperity. B) implicit causes of prosperity.
C) fundamental causes of prosperity. D) explicit causes of prosperity.
C
Economics
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Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is $4, what is the value of marginal product of the second worker?
A) $80 B) $20 C) $30 D) $180
Economics
Holding other factors constant, a decline in incomes of Europeans will result in a ________ curve in the United States, reducing real GDP relative to potential GDP
A) leftward shift of the IS B) rightward shift of the IS C) upward shift of the MP D) downward shift of the MP
Economics