Chapter 5 Activity
How do the following events influence GDP?
a) Each of five mothers living in a neighborhood takes care of her pre-school
child in her own home. GDP stays the same.
b) The mothers share the childcare work, each one taking all five childr
OUTPUT, PRICE, AND PROFIT:
THE IMPORTANCE OF MARGINAL ANALYSIS
PROBLEM 1 OF 2:
North Shore Marina sells designer brass barometers at the market price of
$190 each. The firm can not change this.
Complete the table below.
Chapter 6 Activity
I. The text lists three types of unemployment: frictional, structural and
Which type is each of the following?
a) Adam quits his job in Minnesota because he is tired of the snow,
Arizona and looks for work. (Friction