In a PEST, how would an aging population be categorized?
Political factor
Economic factor
Social factor
Technological factor
Social factor
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In the above figure, if the natural monopoly is regulated with an average cost pricing rule and the firm does not inflate its costs, then consumer surplus will be
A) $192 million. B) $108 million. C) $216 million. D) $60 million.
In the extended classical model, an unexpected decrease in aggregate demand would cause unanticipated inflation to be ________ and cyclical unemployment to be ________
A) positive; negative B) positive; positive C) negative; negative D) negative; positive
The fact that the incremental annual increase in budgets varies considerably by department suggests that _____
a. popular programs get more funding that unpopular programs b. incrementalism is not a complete theory of the government budget process c. special interest influence is constant d. a and b
An arbitrageur is someone who:
A. simultaneously buys and sells financial instruments to benefit from temporary price differences. B. seeks the high returns that come from the high risk inherent in futures markets. C. always takes the short position in a futures contract. D. always takes the long position in a futures contract.