Benefits today cannot be directly compared with costs in the future because:
A. money today is worth more than money in the future.
B. people do not have perfect willpower and will waste money today.
C. investments aren’t always profitable.
D. more information is needed to make investment decisions than is typically available.
A. money today is worth more than money in the future.
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A possible advantage of a horizontal merger for the economy is that
A) the government stands to collect more corporate income tax revenue. B) the merged firm might reap economies of scale which could translate into lower prices. C) the merging firms could avoid losses. D) the degree of competition in the industry will be intensified.
An example of an explicit cost of production is: a. the cost of foregone labor earnings for an entrepreneur
b. the cost of flour for a baker. c. the foregone rent that could have been earned if land owned by a firm was not used as its parking lot. d. provided by none of the above.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth. B. a change in society's preferences for motorcycles versus hybrid cars. C. a reduction in unemployment. D. an improvement in technology.
The poverty rate in the United States has __________ over the last 30 years.
A. remained the same B. increased C. decreased D. not been accurately measured