Refer to the information provided in Figure 1.4 below to answer the question(s) that follow.
Figure 1.4Refer to Figure 1.4. Which of the Panels shows a curve or line that has a slope that is negative and then positive?
A. A
B. B
C. C
D. D
Answer: A
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Refer to Scenario 17-1. Following the passage of comparable worth legislation, Unity College responds by placing salaries at $65,000. Which of the following is the result of the legislation?
A) The supply of English professors increases and the supply of business professors decreases. B) There will be a surplus in the market for English professors and the market for business professors will not be affected. C) There will be a surplus in the market for English professors and a shortage in the market for business professors. D) The demand for English professors decreases and the demand for business professors increases.
Historically, which of the following has had the highest average annual rate of return?
a. corporate bonds b. money market mutual funds c. corporate stocks d. U.S. Treasury bonds
Suppose Max values a concert ticket at $45 . Charles values the same concert ticket at $40 . The pre-tax price of a concert ticket is $30 . The government imposes a tax of $5 on each concert ticket, and the price rises to $35 . The deadweight loss from the tax is
a. $15. b. $10. c. $5. d. $0.
In 1862, the Homestead Act made land available to farmers at zero cost. Yet many farmers preferred to purchase land along the rail line from the railroad. The farmers
A. were duped by the railroads. B. knew the soil was better near the railroads. C. realized that crops would be less costly to grow and transport on land near the railroads. D. were exploited by the railroads.