Which of the following technological breakthroughs failed to deliver many economic benefits?
A. Automobiles
B. Computers
C. Antibiotics
D. Manned space travel
Answer: D
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Suppose there is an increase in the short-run aggregate supply with no change in the long-run aggregate supply. This situation could be the result of
A) an increase in the price of oil. B) a decrease in the money wage rate. C) a technological advancement. D) an increase in the quantity of capital.
Which currency below currently serves as a dominant reserve currency?
A) European euro B) U.S. dollar C) Japanese yen D) British pound
Which of the following is NOT a way to express the formula for profit?
A. Profit = Revenue - Cost B. ? = R(Q) - C(Q) C. ? = [P(Q) × Q] - [C(Q) × Q] D. ? = [P(Q) × Q] - C(Q)
The Samaritan's dilemma describes the problem that exists when transfer programs, designed to help the poor, encourage choices that can promote or perpetuate
a. poverty. b. healthier lifestyles. c. reduced birth rates. d. increased life expectancy.