Which of the following does not contribute to the high productivity of the U.S. economy?
A. Factor mobility.
B. The capital stock.
C. Technology.
D. Negative externalities.
Answer: D
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Refer to Table 4-3. The table above lists the marginal cost of cowboy hats by The Waco Kid, a firm that specializes in producing western wear. If the market price of cowboy hats is $50, producer surplus is
A) $0. B) $4. C) $62. D) $138.
Uninsured patients receiving treatments at hospital emergency rooms that could have been provided less expensively at doctor's offices account for ________ of health care costs in the United States
A) almost 40 percent B) approximately 25 percent C) between 15 and 20 percent D) between 1 and 4 percent
Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many swords will Estonia consume?
A) 75 B) 100 C) 125 D) 200
In the late 2000s, the primary source of external funds for corporations was
A) commercial paper. B) loans. C) bonds. D) stocks.