The MR schedule can be obtained from the TR schedule by:
a. adding two successive values in the TR schedule.
b. subtracting the succeeding TR value from the preceding TR value.
c. subtracting the preceding TR value from the succeeding TR value.
d. multiplying two successive TR values.
e. dividing the succeeding TR value by the preceding TR value.
c
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You buy new water skis and other new equipment for $2,500 and take a week off of your job, where you earn $1,000 a week, to go water skiing. The equipment you purchased was all produced in the United States. You think that the week was worth $4,000
As a result of your vacation, GDP changes by how much?
The world price of steel is $100 a ton. Before international trade, the price of steel in India is $60 a ton. If India begins trading internationally, the price of steel in India ________ and steel mills in India ________ the quantity they produce
A) rises; increase B) falls; increase C) does not change; increase D) rises; decrease E) falls; decease