The cost disease of the service sector is evidenced by
a. a failure of the market mechanism.
b. increased quality of public and private services.
c. dramatic increases in municipal budget burdens for education, health care, and police and fire protection.
d. the increased productivity in the services area.
c
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Other things being equal, a decrease in the default risk of corporate bonds shifts the demand curve for corporate bonds to the ________ and the demand curve for Treasury bonds to the ________
A) right; right B) right; left C) left; right D) left; left
What most frightens investors in the stock market is
A. the possibility of losing their investments. B. the possibility of gaining too much from their investments, and the resultant tax consequences. C. the possibility that the prices of many investments may collapse simultaneously. D. the possibility that a company that they have invested in will go bankrupt.
When you were 10 years old, your grandparents put $500 into an account for you paying 7 percent interest. Now that you are 18 years old, your grandparents tell you that you can take the money out of the account. What is the balance to the nearest cent?
a. $1,200.00 b. $1,111.77 c. $983.58 d. $859.09
The following economy produces two products.ProductsProduction Possibilities?ABCDEFTanks012345Autos10009508506503500Refer to the above table. According to the production possibilities schedule, a combination of four tanks and 650 autos is:
A. not attainable because society does not have sufficient resources to produce this combination. B. not attainable because it is not listed in the schedule. C. attainable and involves an efficient use of society's resources. D. attainable, but would not be in the best interests of a strong national defense.