Author Question: The dean of your college is considering hiring another economics professor. If the additional ... (Read 85 times)

Sportsfan2111 · **on:** Jun 30, 2018

The dean of your college is considering hiring another economics professor. If the additional revenue that the college can earn from employing the professor exceeds the additional cost, the college should
a. do nothing
b. continue to study the issue
c. hire the professor
d. stop offering economics classes
e. not hire the professor and lay off a professor already on the faculty

Question 2

In less developed economies, the distribution of income is
a. more concentrated (i.e., distributed less evenly) than in developed economies
b. less concentrated than in developed economies
c. such that the bottom 20 percent of households define the poverty threshold
d. such that the top 20 percent of households define the poverty threshold
e. completely even