Optimal market outcomes are the same as perfect market outcomes.
Answer the following statement true (T) or false (F)
False
Although outcomes of the marketplace aren't perfect, they're often optimal. Optimal outcomes are the best possible given our incomes and scarce resources.
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Brown can brew 4 gallons of stout or 3 gallons of lager every three months, or any linear combination in between. Which statement is true?
A) Brown sacrifices 3/4 gallons of lager for every gallon of stout brewed. B) Brown sacrifices 1 1/3 gallons of stout for every gallon of lager brewed. C) Both of the above are true. D) None of the above is true.
Refer to the scenario above. What is the net present value of the investment?
A) -$7,112.36 B) -$5,365.10 C) -$475.31 D) $9,524.19
A key reason that the value of the dollar did not change relative to the Chinese yuan in the early 2000s was:
A. the U.S. Federal Reserve bought dollars to keep the value of the dollar from falling. B. the Chinese central bank sold dollars to keep the value of the dollar from rising. C. trade was balanced between the two nations. D. the Chinese central bank bought dollars to keep the value of the dollar from falling.
Which of the following slowed the rate of economic growth in the United States in the 1970s?
A. Pollution regulations and requiring pollution reduction B. Health and safety regulations C. Rising energy costs D. All of the choices slowed the rate of economic growth in the U.S. in the 1970s.