Most of the direct spending at the state government level is on
A. Transportation.
B. Public safety.
C. Defense.
D. Education.
Answer: D
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A supply curve is the same as a
A) total cost curve. B) marginal cost curve. C) total benefit curve. D) marginal benefit curve. E) deadweight loss curve.
The dollar rate of return on euro deposits is
A) approximately the euro interest rate plus the rate of depreciation of the dollar against the euro. B) approximately the euro interest rate minus the rate of depreciation of the dollar against the euro. C) the euro interest rate minus the rate of inflation against the euro. D) the rate of appreciation of the dollar against the euro. E) the euro interest rate plus the rate of inflation against the euro.
At the equilibrium level of income it must be true that total
a. income equals total spending. b. product equals total output. c. output equals total inventory. d. income equals total saving.
Suppose Larry's Lariats produced 25,000 lassos and sold each for $10. What was the profit for this company?
A. $25,000 B. $250,000 C. $125,000 D. Cannot calculate profit without more information.