The law of increasing additional cost is due to
A) scarcity.
B) inefficient use of technology.
C) the fact that resources are not perfectly adaptable for alternative uses.
D) the fact that there are always alternatives and it is costly to figure out which alternative is best.
C
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Expansionary fiscal policy in an open economy has a
A. greater effect than in a closed economy. B. similar effect as in a closed economy. C. smaller effect than in a closed economy. D. greater effect than monetary policy.
Suppose there's a 50% chance of a stock rising by 20% and a 50% chance of it falling by 20%. What is the expected rate of return on the stock?
A) -20% B) 0% C) 10% D) 20%
Overconsumption of a product can be caused by imperfect information
a. True b. False Indicate whether the statement is true or false
As of 2010, to be in the bottom quintile for income distribution in the United States, a family needed in income no more than
A. $15,000. B. $27,000. C. $23,000. D. $35,000.