Per capita income in China is approximately ________% of the U.S. level
A) 17
B) 80
C) 40
D) 5
A
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Even though a high portion of the public debt is held by older and wealthy individuals or institutions, the debt is paid for by increased taxes on
A) only those holding the actual debt. B) purchasers of gasoline and luxury items. C) all taxpayers. D) those who invest in the stock market.
Anna and Maria produce shirts and ties. The figure above shows Anna's PPF and Maria's PPF. Anna and Maria can achieve the gains from trade if Anna produces ________ and Maria produces ________
A) ties; shirts B) shirts and ties; only ties C) only ties; shirts and ties D) shirts; ties
Refer to Scenario 15.4. The net present value of the purchase is
A) $200 × 10 - $800. B) $200/1.06 - $800. C) $200/1.0610 - $800. D) $200 × (1 + 1/1.06 + 1/1.062 + ... + 1/1.069 ) - $800. E) $200 / (1 + 1/1.06 + 1/1.062 + ... + 1/1.069 ) - $800.
A public good is nonrivalrous and excludable
a. True b. False Indicate whether the statement is true or false