The least affordable places to live tend to be located disproportionately in the
A. upper Mid-West.
B. Great Plains states.
C. mid-Atlantic states and along the West Coast.
D. southeastern states.
Answer: C
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Joe's Taco Hut can purchase a delivery truck for $20,000 and Joe estimates it will generate a net income (after taxes, maintenance and operating costs) of $4,000 per year. His other option is to go to work for someone else earning net income of $3,000 per year. He should:
A. purchase the truck if the real interest rate is less than 5%. B. not purchase the truck if the real interest rate is greater than 1%. C. purchase the truck if the real interest rate is less than 15%. D. purchase the truck if the real interest rate is greater than 5%.
Which statement is true?
A. The Federal Trade Commission Act is the most important antitrust law on the books. B. The most important antitrust legislation was passed in the last three decades. C. The Clayton Act outlawed interlocking directorates. D. None of these statements are true.
If professional boxing matches are on pay-per-view television, the price for viewing is ___________ than if it were provided on regular cable television and the equilibrium quantity is ___________.
a. lower, lower b. lower, higher c. higher, higher d. higher, lower
Refer to Cournot Problem. In the Nash Equilibrium, the deadweight loss will be
a. $300 b. $450 c. $600 d. $900