Which of the following is the most widely used energy source in the world?
A. Fossil fuels
B. Hydroelectric energy
C. Nuclear energy
D. Wind power
Answer: A
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The above figure shows Bob's utility function. He currently has $50 and is considering an investment that has a 50% chance of being worth $100 and a 50% chance of being worth $0. Bob will make the investment
A) if it costs less than $50. B) if it costs less than $30. C) if it is a fair game. D) under no circumstances.
When aggregate demand shifts rightward along the short-run aggregate-supply curve, inflation
a. increases and unemployment increases. b. increases and unemployment decreases. c. decreases and unemployment increases. d. decreases and unemployment decreases.
The primary purpose of a budget is to
What will be an ideal response?
Refer to the diagram. The profit-maximizing level of output for this firm:
A. is at point a.
B. is at point b.
C. is at point c.
D. cannot be determined from the information given.