In an open economy, the quantity supplied of TVs in the domestic market will be ________.
A. 30,000
B. 60,000
C. 120,000
D. 90,000
Answer: A
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Answer the following statement(s) true (T) or false (F)
1. The benefit received from using or accessing an environmental good is known as user value. 2. If an individual receives utility from enjoying the view of a mountain range, that mountain range is said to provide indirect user value to the individual. 3. If an individual enjoys swimming in the ocean, the ocean generates existence value to the individual. 4. Stewardship refers to a sense of obligation to future generations to preserve the environment. 5. The approach that estimates benefits according to a technical relationship between a resource and a user of the resource is called the behavioral linkage approach.
A company is considering the purchase or the rental of a new machine. An increase in the interest rate
A) increases the likelihood the company will buy the machine. B) increases the likelihood the company will rent the machine. C) has no effect on the likelihood that the company will buy the machine. D) has no effect on the likelihood that the company will rent the machine.
When uncertainty over the timing of death is added to the LCH, this ________ the planning horizon and ________ the MPC for transitory income
A) shortens, raises B) shortens, lowers C) lengthens, raises D) lengthens, lowers
According to the text, large slave plantations were _____ efficient than farms without slaves because (among several reasons) _______
a. more, the intensity per hour with which slaves worked was high b. more, large plantation owners used political power to control the best land c. less, free men worked harder than slaves d. less, slaves frequently sabotaged production