New residential housing is placed under consumer expenditures in aggregate demand.
Answer the following statement true (T) or false (F)
True
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The government of Healthyland imposes a tax on sellers of salt. The tax is $0.10 per pound. With no tax, the price of salt is $0.40 per pound. The demand for salt is perfectly inelastic and the elasticity of supply is 1.5
With the tax, the price of salt paid by buyers in Healthyland is A) $0.40 per pound. B) $0.45 per pound. C) $0.35 per pound. D) $0.50 per pound.
If Urban Outfitters borrows $25 million from a bank to finance the construction of a new store, this is an example of
A) a bond market transaction. B) a stock market transaction. C) indirect finance. D) direct finance.
Benefit levels for TANF are the same, regardless of where you live
Indicate whether the statement is true or false
Refer to the table below. If the attorney reviews 53 patents, what is the expected marginal benefit of reviewing the 53rd patent?
The above table shows the quantity of patents reviewed by a firm's attorney and the corresponding probability that the firm will infringe on another firm's patent. The cost of infringement is $50,000.
A) -$20,000
B) $2,000
C) $20,000
D) -$2,000