The standard economists use to assess whether an activity should be undertaken is
a. majority vote
b. the marginal benefit assessment.
c. the gold standard
d. economic efficiency.
D
Economics
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What is the value of marginal product of labor? What is the formula that can be used to calculate it? How does the value of marginal product affect how much labor a firm hires?
What will be an ideal response?
Economics
As foreign investors began to sell off investments they had made in Thailand, they traded in their baht for dollars. The result of this was
A) pressure for the value of the baht to rise. B) an increase in the equilibrium value of the baht. C) pressure for the value of the baht to decline. D) a decrease in the supply of the baht in foreign exchange markets.
Economics