Statistical Murder
What will be an ideal response?
Spending an amount of money to save 50 people when you could spend the same amount on something else and save 100 people
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Which of the following would NOT cause a real business cycle?
A) a sustained change in the price of oil B) a change in the money supply C) a change in technology D) a change in the composition of the labor force
If business losses are the result of uncertainty in the real world, then
A) business profits are too. B) profits must equal losses in the short run. C) profits must equal losses in the long run. D) losses could be eliminated if we could eliminate uncertainty in the real world, but profits will still remain.
One of the primary reasons that Mexico has experienced relatively low rates of economic growth is that for Mexican entrepreneurs,
A) the government has a history of nationalizing all successful domestically-owned industries. B) problems in the banking system have made it difficult to obtain the funding needed to finance expansion. C) there is a shortage of low-skilled labor to fill manufacturing jobs. D) incentives from its neighboring Central American countries has attracted most of the foreign investment in the region.
In 2009, the U.S. budget deficit reached what astronomical number?
a. 1.2 billion b. 1.4 trillion c. 1.6 billion d. 1.8 trillion