You enter a classroom, which is littered with newspapers. This is because
A. students do not pay for littering.
B. it is a way to protest against the tuition rates.
C. students are too lazy to clean up.
D. maintenance people only clean once a day.
Answer: A
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If producing a soccer ball costs Jake $5, and he sells it for $40, his producer surplus is $35
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of a pure market economy?
a. ?United States b. ?Switzerland c. ?Singapore d. ?No nation has a pure market economy
Which of the following events will most likely cause an increase in both the price level and rGDP?
A) The prime rate increases B) Exports increase C) Income taxes increase D) Crude oil prices decrease E) Inflationary expectations decrease
The lines drawn to establish Federal Reserve Districts were based on:
A. solely population distribution in 1914. B. economic and political forces as well as population distribution in 1914. C. solely economic forces that existed in 1914. D. economic and political forces that existed in 1914.