It is noted by some sociologists that a new Walmart store in town will
A. negatively impact community leadership.
B. pay exorbitant wages.
C. provide extensive same-sex benefits.
D. raise prices.
Answer: A
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The table above gives Jane's total utility from magazines and CDs. What is the marginal utility of the sixth CD?
A) 150 units B) 100 units C) 50 units D) 5 units
Refer to Figure 11.1. Assume aggregate demand is represented by AD1 and full-employment output is $6.0 trillion. The economy confronts a real GDP gap of
A. $.2 trillion. B. $.6 trillion. C. $.4 trillion. D. None of the choices are correct.
In this graph for negative externalities in production, the deadweight loss is caused by ______.
a. government intervention b. consumer demand c. overproduction d. underproduction
You observe that the demand for pomelo is given by Qd = 8,000-20Pand the supply of pomelo is given by Qs = 2,000 + 20P. What is the market equilibrium for pomelo?
A. P = 150, Q = 5,000 B. P = 500, Q = 16,000 C. P = 200, Q = 3,000 D. P = 50, Q = 2,500