When a state government chooses to build more roads, the resources used are no longer available for public education programs. This dilemma illustrates the concept of:
A. Production expenses
B. Unemployment issues
C. Unintended consequences
D. Opportunity cost
Answer: D
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Suppose the Federal Reserve desires to raise the level of planned investment in the economy
It either has to hope that an improvement in business confidence shifts the rate-of-return line to the ________ , or it has to take direct action by ________ the interest rate. A) right, raising B) right, lowering C) left, raising D) left, lowering
The price elasticity of demand for a rental home in Luxury Resorts in the summer is 1.40 and is 2.60 in the spring. If Luxury Resorts faces a constant marginal cost of $600 per home rental, what is the profit-maximizing peak-load price to charge in the summer?
A) $2,750 B) $2,100 C) $975 D) $1,250
Which are friendships which cause the development of in-groups and out-groups?
a. unions b. fraternities c. vertical-dyad linkages d. group contributions
What percentage of the world's population subsists on incomes of less than $3 a day?
A. 40 percent. B. 60 percent. C. 70 percent. D. 50 percent.