People have less incentive to invest the more concerned they are that their investment will not be
a. appropriated by government
b. stolen by thieves
c. protected from high tax rates
d. destroyed by civil unrest
e. blown up by terrorists
C
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The table above lists six points on the production possibilities frontier for grain and cars. What is the opportunity cost of producing the 5th ton of grain?
A) 16 cars per ton of grain B) 6 cars per ton of grain C) 3 cars per ton of grain D) 2 cars per ton of grain
A Detroit business advertises, “The more we sell, the lower the price, and the lower the price, the more we sell.” This statement implies that the firm is experiencing
A. decreasing returns to scale. B. constant returns to scale. C. increasing returns to scale. D. abnormal demand patterns.
Which of the following had resulted from the Smithsonian agreement of 1971?
a. Devaluation of the U.S. dollar b. Dissolution of a fixed exchange rate regime c. Appreciation of the U.S. dollar d. Establishment of an equilibrium exchange rate e. Laissez-faire in the foreign exchange market
The FAIR Act represented a major departure from previous farm programs by ________ program benefits from planting decisions
Fill in the blank(s) with correct word