In 2016, the most profit from the musical Hamilton went to
A) the musical's star and creator, Lin-Manuel Miranda.
B) the musical's producers.
C) the owners of the Richard Rodgers Theater where the musical is performed.
D) scalpers.
Answer: D
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The opportunity cost of a firm using its own capital is
A) economic depreciation. B) self-ownership depreciation. C) economic loss. D) normal loss. E) capital loss.
A technological advance ________ the long-run aggregate supply curve and ________ the short-run aggregate supply curve
A) shifts; shifts B) shifts; does not shift C) does not shift; shifts D) does not shift; does not shift
The international poverty line at $1.90 a day at purchasing power parity means that in each country the poverty line is the amount that will allow you to buy a basket of goods equivalent to what $1.90 would buy:
A. in the United States. B. in the richest of the countries that uses the index. C. in the poorest of the countries that uses the index. D. in the average economy of all the countries that use the index.
If the MPC is 0.75, what is the value of the government purchases multiplier?
a. -1.33 b. 3.0 c. -3.0 d. 4.0 e. -4.0