Refer to the information provided in Figure 7.4 below to answer the question(s) that follow. Figure 7.4Refer to Figure 7.4. The average product with six workers is
A. -8.33.
B. -5.
C. 5.
D. 8.33.
Answer: D
Economics
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Of the following high-income countries, which has the highest life expectancy at birth?
A) Canada B) Japan C) the United Kingdom D) the United States
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Jack is thinking of starting a sweater company. Sweaters operate in a perfect competition market, which means Jack will do which of the following?
a. Be unable to enter the sweater industry because only one firm is allowed to sell sweaters b. Face high and expensive restrictions on starting his business c. Face no barriers to enter the industry and start his business d. Need to get permission from the local government and from his potential competitors
Economics