The new $20 bills are being introduced by the U.S. Treasury primarily to diminish
a. inflation.
b. poverty.
c. counterfeiting.
d. bank failures.
c
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How do RBC theorists answer the objection that there have been few examples of large and easily measurable real shocks to the U.S. economy in recent decades?
What will be an ideal response?
You decided to take a college accounting course to brush up on your knowledge of the language of business. The tuition expense was $500. After the date has expired to receive a refund for the course, you are offered a job that would conflict with your class time. In making the decision to accept or decline
A. the opportunity cost of the job. B. the expected gain in pay from taking the accounting course. C. a sunk cost. D. a sunk benefit.
Four firms control the market for a particular good, resulting in an HHI of 2,900. Total industry sales are $500, and it is known that two firms each have sales of $175. If each of the remaining two firms have the same sales, then we can conclude that the remaining two firms each have a market share of:
A. 0.15. B. $75. C. $125. D. 0.50.
The aggregate production function shows
a. the total output the economy can produce with different quantities of labor and technology, holding land and capital constant b. the total output the economy can produce with different quantities of land and labor, holding capital and technology constant c. the total output the economy can produce with different quantities of labor, holding land, capital and technology constant d. the total output the economy can produce with different quantities of labor and capital, holding land and technology constant e. the total output the economy can produce with different quantities of technology, holding land, labor and capital constant