Which household characteristic has the largest effect on household income distribution?
A) the size of the household
B) the age of householders
C) the race of household members
D) the level of educational attainment of household members
D
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Which of the following is not an argument used in favor of protectionism?
A. to protect an "infant" industry B. to reduce prices paid by domestic consumers C. to preserve national security D. to protect against "unfair" competition because of cheap foreign labor
Frank owns an apple farm and plans to spend 4 hours today picking apples. The number of apples he can pick per hour depends on the total number of hours he spends working in either the east orchard or the west orchard in the manner shown in the accompanying table below.Hours in East OrchardNumber of Apples Per HourHours in West OrchardNumber of Apples Per Hour140110232210325310420410 What is the marginal benefit to Frank of the 2nd hour he spends picking in the east orchard?
A. 32 apples B. 8 apples C. 64 apples D. 24 apples