If a firm hires a worker by paying him a wage lower than his value of marginal product, ________
A) firing the worker will increase the firm's profits
B) the firm is making an optimum decision
C) the firm should hire more workers to increase profits
D) profits of the firm are minimized
C
Economics
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The figure above illustrates a small country's production possibilities frontier. Moving from point C to point B, the per unit opportunity cost of computers is ________ per computer
A) 4 tablets B) 5/4 of a tablet C) 4/5 of a tablet D) 1/4 of a tablet E) 1 computer
Economics
In leading the opposition to the adoption of NAFTA, H. Ross Perot argued that NAFTA would lead to
A) a loss of U.S. competitiveness with Canada. B) a loss of U.S. manufacturing jobs to Mexico. C) a loss of U.S. willingness to negotiate the Uruguay Round. D) All of the above.
Economics