c. They save consumers time and mental processing power.
a. irrational
b. lack of
c. marginal
d. total
d. total
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Economic growth may be represented by a(n):
a. leftward shift of a production possibilities curve. b. outward shift of a production possibilities curve. c. movement along a production possibilities curve. d. production possibilities curve that remains fixed.
The welfare rolls today are
A. much higher than they were in 1994. B. A little higher than they were in 1994. C. a little lower than they were in 1994. D. much lower than they were in 1994.
In most companies, an employee must work for a number of years before qualifying for pension benefits. This process is referred to as:
A. mandatory benefit pending. B. vesting. C. regulated contribution period. D. a defined-benefit period.
Suppose a machine generates $500 worth of revenue at the end of each of the next three years, at which time it can be sold to a salvage company for $350. If the annual rate of interest is 0.08, what is the maximum amount a business would pay for this machine if maintenance costs are $100 per year?
A. $1506 B. $1309 C. $1096 D. $9567