The above table gives techniques Jitters Coffee Company can use to package 5,000 pounds of coffee. Which technique(s) is (are) technologically inefficient?
A) A
B) C
C) B and C
D) B, C, and D
C
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If the fiscal policy makers aim to increase aggregate demand, they will likely enact:
A. expansionary fiscal policy. B. contractionary fiscal policy. C. expansionary monetary policy. D. contractionary monetary policy.
What is the annual rate of growth of per capita real GDP if real GDP grows at a constant rate of 4 percent per year and the annual rate of population growth is 3 percent?
A) 1 percent B) 3 percent C) 87 percent D) 4 percent
The Coase theorem applies when ______.
a. externalities are increased b. externalities are internalized c. internal costs are externalized d. internal costs are eliminated
Which of the following is not an example of investment spending?
A. Construction of a new factory B. The purchase of stock in the stock market C. Inventory expenditures D. New equipment