Which of the following would most likely reach the long run most rapidly?
a. a nuclear power plant
b. a college
c. a lumber mill
d. a shopping mall
e. a hot dog stand
E
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According to the crowding-out effect, if the government runs a budget deficit of $100 billion, what is the change in the equilibrium quantity of investment?
What will be an ideal response?
Which of the following is TRUE regarding a perfectly competitive firm?
A) The firm can charge a lower price than its competitors and thereby sell more output and increase its profits. B) The firm always earns a normal profit. C) The firm's marginal revenue continually decreases. D) The firm's minimum efficient scale is small relative to the market demand.
What is the present value of $888 in a one year if the current rate of interest is five percent?
A) $4,440 B) $845.71 C) $177.60 D) none of these
Refer to the Article Summary. When does the Treasury Department borrow? Why would the Treasury have to borrow more than it estimated, as was indicated by its letter to Congress to raise the debt ceiling? When would the Treasury repay what it borrowed
, and who is it repaying?