My roommate ________. This is an example of an external benefit.
A. plays the drums whenever I am home
B. sings (badly) in my presence
C. cleans up after his dog and keeps it from eating my ferrets
D. smokes cigars in the kitchen whenever I make dinner
Answer: C
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The principal cause of the decline in the AFDC caseload between 1993 and 1997 was state-initiated reforms
Indicate whether the statement is true or false
Given the following information about AAA bank:
What is the reserve ratio?
A. 50 percent B. 40 percent C. 20 percent D. 10 percent
In perfect competition, all businesses in a market produce at the point where ________ equals ________.
A. marginal price; marginal cost B. average price; average cost C. market price; marginal cost D. average revenue; average cost
Suppose when the price of a cookie is $2.50, the quantity demanded is 50, and when the price is $1, the quantity demanded is 200. Using the midpoint method, the price elasticity of demand is:
A. –1.40 B. –0.72 C. –140 D. –7.2