Refer to the figure above. If the engineer spends his entire time on producing websites, how many Web sites can he produce?
A) 2
B) 5
C) 10
D) 12
D
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What do economists call the situation where a hired manager does not have the same interests as the owners of the business?
A) a financial intermediary problem B) a principal-agent problem C) conquest and control D) a financial problem
Suppose the market in Figure 9.4 is currently in equilibrium. If the government establishes a price floor of $40, consumer surplus will
A) fall by $50. B) fall by $350. C) remain the same. D) rise by $50. E) rise by $350.
Considering the roughly $1.35 trillion in U.S. currency held by the public:
A. the Federal Reserve distributes the amount equally across all denominations of bills. B. over half of the currency held in the form of $20 bills. C. over 90% of the amount is held in the form of $1 bills. D. more than three-fourths is held in the form of $100 bills.
U.S. government regulation of social and economic activity
A) only began after World War II. B) costs less now than it did in the 1980s. C) has increased steadily since 1970. D) is confined to antitrust law.