You are considering renting a car for the weekend. It costs $200 for the car plus $0.20 per mile (including gas). If you decide to take a detour that adds 50 miles above the 300 miles, what is the cost of the detour?
A. $10
B. $270
C. $200
D. $70
Answer: A
You might also like to view...
A trade deficit means:
A) the country has positive net savings, which it lends abroad. B) the country has negative net savings, which it lends abroad. C) the country has positive net savings, which it borrows from abroad. D) the country has negative net savings, which it borrows from abroad.
In general, the number of years it will take for income to double at the current real growth rate is approximately:
A. 70 divided by the growth rate. B. 7 times the growth rate. C. 50 divided by the growth rate. D. 5 times the growth rate.
National health care programs are not as effective as they could be because:
A. health care providers tend to have a low absentee rate. B. public health care clinics often run out of important drugs. C. doctors rarely diagnose below their knowledge frontier. D. many doctors in clinics do not have sufficient knowledge to properly diagnose patients.
Suppose our economy is in macroeconomic equilibrium with an upward-sloping aggregate supply curve and a downward-sloping aggregate demand curve. An increase in aggregate demand will
A. increase aggregate supply. B. decrease the price level. C. cause the aggregate supply curve to shift to the right. D. increase real GDP.