When constructing economic models, economists are more concerned with
A) what people say than what they do.
B) what people think than what they need.
C) what people do than what they say.
D) what people say than how they act.
Answer: C
Economics
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When investment bankers underwrite new stock, they
A) sell them on one of the stock exchanges. B) auction them off to the public. C) sell them to commercial banks who in turn find buyers. D) place them with ultimate investors and some intermediaries throughout the country.
Economics
Refer to the above table. What does the marginal physical product equal when the amount of labor goes from 10 to 11 units?
A) 600 B) 500 C) 100 D) 54.5
Economics