A firm which owns its own equipment and is earning positive economic profits
a. is likely earning positive accounting profits
b. is likely earning zero accounting profits.
c. is likely earning negative accounting profits.
d. could be earning positive or negative accounting profits.
a
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The M2 multiplier in the United States is currently about
A) 16. B) 23. C) 4. D) 50. E) 1.
The signaling theory of education suggests that when people earn a college degree they do not become more productive, but they do signal their high ability to prospective employers
a. True b. False Indicate whether the statement is true or false
If a nation has a population of 100 million, a labor force of 60 million, and GDP of $200 billion, then GDP per capita must be
A. $2,000.00. B. $200.00. C. $3,333.33. D. $333.33.
Answer the following statements true (T) or false (F)
1. In the median-voter model, the median voter refers to the voter who makes her choice at the midpoint of the voting period. 2. In the median-voter model, half the voters have stronger or more positive preferences than the median voter, while half of the voters have weaker or more negative preferences. 3. One prediction of the median-voter model is that during elections, candidates will tend to become "centrists". 4. One implication of the median-voter model as applied to a vote regarding how much government involvement to have in the economy is that most voters would find the resulting government involvement either too large or too small. 5. "Voter failure" is one cause of government failure.