Using above table, how much is contributed to the GDP from the production of the textbook?
A. $32.00
B. $118.90
C. $78.90
D. $40.00
Answer: D
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The amount single retirees receive in a monthly check if they retire at their retirement age is
A. their PIA. B. their AIME. C. constant throughout their lifetime. D. the most the retiree can receive in interest without having part of their benefit reduced.
Suppose Brandon's benefit function for water is S(W) = W2. Brandon is:
A. risk averse. B. risk neutral. C. risk loving. D. There is not enough information to answer this question.
Which of the following techniques adopted by the central banks around the world have helped them to achieve credibility?
a. Maintaining a low rate of inflation through tight monetary policies b. Publicly announcing a target rate of inflation c. Refusing to bail out the commercial banks at times of failure d. Supporting all government budget deficits through deficit financing e. Reducing unemployment amidst high inflation
Every economic decision involves a trade-off because of
a. theory. b. opportunism. c. consumption. d. scarcity. e. efficiency.