The cost of building a new interstate highway system is reported to be high at $25 billion. Does it necessarily follow that the interstate highway is not worth building?
A) Yes, because it is better to spend $25 billion on ending poverty than on building another interstate highway system.
B) No, because building a new interstate highway system promotes economic growth, which helps everyone.
C) No, because the benefits of building a new interstate highway system may be greater than $25 billion.
D) Yes, because the benefits of building a new interstate highway system may be greater than $25 billion.
C
You might also like to view...
As the dollar exchange rate, e, decreases, the quantity of dollars supplied in the foreign exchange market ________, and the quantity of dollars demanded in the foreign exchange market ________.
A. decreases; decreases B. increases; increases C. decreases; increases D. increases; decreases
First-mover advantage is:
A. more important in a repeated game than in a sequential game. B. more important in a repeated sequential game than in a one-round sequential game. C. more important to those who have less to bargain with. D. more important in an ultimatum game than in a repeated game.
In the United States, union membership reached its peak in both numbers and percent of the labor force in the decade between 1970 and 1980
Indicate whether the statement is true or false
Refer to the table shown. At what level of employment is the marginal product of labor 7?Number of workersTotal output142103184285356417458489501049
A. 4 B. 2 C. 7 D. 5