The present value of receiving $200 one year from now when the prevailing rate of interest is 8 percent is
a. $192
b. $185.19
c. $200
d. $208
e. $160
B
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Once produced, Nonexcludable goods are _____
a. difficult to keep employees from stealing b. difficult to keep people from consuming without paying for them c. difficult to keep people from consuming at any price d. available to anyone if they want to pay for it
For a firm to maximize total profits through price discrimination, it should
a. Charge a high price to consumers with an inelastic demand and low price to consumers with an elastic demand b. Charge a low price to consumers with an inelastic demand and high price to consumers with an elastic demand c. Charge the same price to both sets of consumers d. Charge nothing to both set of consumers-throw a party
Suppose Luke values a scoop of Italian gelato at $4 . Leia values a scoop of Italian gelato at $6 . The pre-tax price of a scoop of Italian gelato is $2 . The government imposes a "fat tax" of $3 on each scoop of Italian gelato, and the price rises to $5 . The deadweight loss from the tax is
a. $1. b. $2. c. $3. d. $4.
Which of the following would disqualify a worker from being counted as unemployed by the U.S. Department of Labor?
a. being a stay-at-home mom b. reentering the workforce after an absence c. actively looking for work d. being 17 years old and in school