A consumer expenditure survey reports the following information on consumer protein spending: 20162017 PriceQuantityPriceQuantityFish$55$77Chicken$310$412Beef$67$510Using 2016 as the base year, by how much does a "cost of protein" index increase between 2016 and 2017?
A. 14.3 percent
B. 13.4 percent
C. 5.2 percent
D. 8.6 percent
Answer: B
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The level of saving in the United States has historically been low relative to the level of domestic investment. Based on this information, we would expect that
A) U.S. private saving is less than its public saving. B) U.S. capital inflows are negative. C) U.S. net foreign investment has been relatively high. D) U.S. net exports have been relatively low.
For many firms, capital is the production input that is typically fixed in the short run. Which of the following firms would face the longest time required to adjust its capital inputs?
A) Firm that makes DVD players. B) Computer chip fabricator C) Flat-screen TV manufacturer D) Nuclear power plant
Any form of wealth held by a sole proprietor will be factored into the terms of the loans she receives because:
a. her liability is limited. b. her business is inseparable from her. c. her business is too small to bear investment risks. d. her investment decisions depend on her total output.
Transportation Department requires that airlines give refunds for tickets ___________ within 24 hours of a purchase, or offer a 24-hour hold, for tickets bought more than a week before departure.
Fill in the blank(s) with the appropriate word(s).