(Consider This) The average life expectancy of a U.S. business is approximately:

A. 2 years.
B. 5.5 years.
C. 10.2 years.
D. 22 years.


Answer: C

Economics

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a. True b. False

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If parking spaces on a college campus are scarce, with quantity demanded during the “peak” hours, from 8 a.m. to 11 a.m., far greater than the number of spaces, an economist would propose as an efficient solution,

A. lowering the parking fees during those hours to compensate students for the longer search time. B. charging the same parking fees during all hours of the school day. C. raising parking fees during the peak hours to encourage some students to schedule classes during other hours when parking fees are lower. D. hiring more security guards to patrol for illegal parkers.

Economics

Over time, which of the following will most likely result from a depreciation in the exchange rate of the dollar?

a. Inflation will decline. b. Foreign goods will cost Americans less, and therefore, the imports of Americans will rise. c. U.S. goods exported abroad will cost less in foreign countries, so foreigners will buy more of them. d. U.S. goods exported abroad will cost more in foreign countries, so foreigners will buy fewer of them.

Economics