The most capital-intensive method of production ______.
a. is always the best
b. may not always be the best
c. is never the best
d. is the best only in developing nations
b. may not always be the best
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Suppose you have a choice between receiving a lump-sum payment of $10,000 today or four annual payments of $2,750 (with the first payment today). Of the following, which is the lowest annual interest rate at which you would prefer the lump-sum payment over the four annual payments?
a. 2% b. 5% c. 7% d. 10%
Government failure may result from
A. Accurate valuations of benefits but inaccurate valuations of costs. B. Operational inefficiency by the public sector only. C. Misallocation of resources only. D. Outright waste of resources by the public sector or misallocation of resources.
Proposals for bilateral reduction of tariffs in the U.S. and Canada have been developed through
A. SDR. B. UNESCO. C. GATT. D. NAFTA.
In the table above, what inflation rate belongs in space C?
A) 17.0 percent B) 6.8 percent C) 8.3 percent D) -4.0 percent