Social costs are associated with
a. entertainment expenses for business clients.
b. government programs for the disadvantaged.
c. deterioration of the natural environment.
d. the high price of popularity.
c. deterioration of the natural environment.
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Of all of the people who became permanent legal residents of the U.S. in 2011, about how many were sponsored by employers?
A. 5% B. 13% C. 25% D. 33%
If the expected price level increases at the same time that the federal government cuts taxes, in the short run
A) aggregate output and the price level will both increase. B) aggregate output will increase, but the price level will fall. C) aggregate output and the price level will both fall. D) the price level will increase, but aggregate output may either increase or decrease.
When a non-discriminating monopolist is maximizing profit, then
a. its price equals its marginal cost b. its price equals its marginal revenue c. it is producing all units for which marginal revenue exceeds marginal cost d. its supply curve intersects the market demand curve e. its marginal cost curve intersects the market demand curve
Chloe talked to several stockbrokers and made the following conclusions. Which, if any, of Chloe's conclusions are correct?
a. It is relatively easy to reduce firm-specific risk by increasing the number of companies one holds stock in. b. Stock prices, even if not exactly a random walk, are very close to it. c. Some people have made a lot of money in the stock market by using insider information, but these cases are not contrary to the efficient markets hypothesis. d. All of Chloe's conclusions are correct.