Between 1939 and 1944 the United States' national output
A. remained the same.
B. nearly doubled.
C. nearly tripled.
D. nearly quadrupled.
B. nearly doubled.
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Adam Smith believed that the rich derive the most enjoyment from their wealth by knowing that others observe their consumption
Indicate whether the statement is true or false
The interest rate on a bond is
A) inversely related to its price. B) directly related to its price. C) determined by its face value. D) determined by the time to maturity.
If an investment is 80 percent likely to gain 40 percent but also 20 percent likely to lose 10 percent, then its average expected rate of return is:
A. 34 percent B. 32 percent C. 30 percent D. 12 percent
Suppose the marginal social cost (MSC) of abatement for particulate matter (PM) is MSC = 8 + 0.5A, where A is percent of PM removed, and MSC is in millions of dollars. Find the change in total social costs (TSC) of abatement if the abatement level increases from 12 percent to 20 percent as a result of new policy.
What will be an ideal response?