What is his expected loss after installing the safety equipment
a. $20,000
b. $50,000
c. $100,000
d. $125,000
b
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The price elasticity of demand can range between
A) zero and one. B) negative infinity and infinity. C) zero and infinity. D) negative one and one.
The two basic ways for workers to acquire human capital are
A) formal education and "learning by doing." B) purchases in the capital market and trade. C) increases in the capital stock and increases in total factor productivity. D) training and intuition.
When an inverse relationship is graphed, the resulting line or curve is:
a. upward-sloping. b. horizontal. c. downward-sloping. d. vertical.
When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline