The U.S. Census Bureau Website

question 54

Multiple Choice

The U.S. Census Bureau website

• A) is a repository of information on U.S. business, economic, and trade activity collected by the federal government.
• B) is a portal to all government websites that can be found by topic or keyword.
• C) provides up-to-the-minute business news and security prices plus research reports of companies, industries, and countries.
• D) is the most popular Internet portal to enter keywords or topics for specific searches.
• E) accesses information in online databases and blogs by primary topic.

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Definitions:

Marginal Product

The boost in production one can expect by adding an extra unit of labor or capital, ceteris paribus.

Wage Rate

The amount of compensation workers receive in exchange for their labor, typically expressed per hour or per unit of work.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts as well as the physical factors of production.

Expansion Path

A curve that shows how the input combinations of a firm change as it increases output, keeping the input ratios constant.