Compared to consumption spending, investment historically has tended to be
A) stagnant. B) more variable. C) more stable. D) greater.
B
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If New Yorkers decrease their purchases of French champagne, assuming all else remains constant, this will ________ of the United States
A) increase the trade deficit B) decrease the current account balance C) increase the balance of trade D) decrease net exports E) increase the balance of payments
Which of the following statements best represents a difference between short-run and long-run cost?
A) Less than one year is considered the short run; more than one year the long run. B) There are no fixed costs in the long run. C) In the short-run labor must always be considered the variable input and capital the fixed input. D) All of the above are true.
If a plaintiff believes there is a 50 percent chance they will win $250,000 and a 50 percent chance they will win nothing (zero), and the litigation cost is $50,000, what is the expected value of the litigation for the plaintiff?
A) $75,000 B) $175,000 C) $50,000 D) $125,000
Consider a town with three residents. The residents' demand curves for various acres of a public park are shown below.
The public is willing to pay $14 for the ________ acre of parkland.
A. 2nd B. 6th C. 4th D. 8th