The divergence between money costs and opportunity costs will be greatest in which of the following situations?
A. A university purchases 100 computers.
B. A university employs people from town in the cafeteria (the other alternative is to work at a paper mill).
C. A university employs otherwise unemployed teenagers to paint crosswalks and curbs.
D. A university replaces the roof of the fine arts building.
Answer: C
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Which of the following is NOT a characteristic of populist regimes?
A) Nationalistic ideologies B) Focus on economic growth C) Focus on income redistribution D) Using economic tools to reach specific goals regarding labor, the orientation of business or the role of foreigners E) Focus on controlling inflation
The increase of sub-prime (including Alt-A) loans as a share of the total from 2001-2005 was an important contributing factor to the economic crisis of 2008 because
a. these loans initially reduced the demand for housing. b. these loans initially reduced housing prices. c. the default and foreclosure rates on these loans are several times higher than conventional loans to prime borrowers. d. the default and foreclosure rates on these loans are considerably lower than conventional loans to prime borrowers.
The International Monetary Fund was founded in _____.?
Fill in the blank(s) with the appropriate word(s).
Use the above table. We can infer from the table that when real disposable income is $175
A. APC = 0.91. B. APC = 0.20. C. APC = 0.80. D. APC = 0.09.