How can you calculate the cost per mile of owning a car?
A) Divide total costs per year of owning the car by the number of miles driven in a year.
B) Divide total costs per year of owning and operating the car by the number of miles driven in a year.
C) Divide total costs per year of operating the car by the number of miles driven in a year and add the result to the cost of owning the car.
D) You cannot do so in any defensible way because cars are owned per unit of time period, not per unit of distance.
D
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
If Wes in Wisconsin buys $200 worth of stock in Toshiba, and the Japanese use the $200 to buy a wheel of cheese from Wes, then the U.S. net exports:
A. and net capital outflow are both zero. B. equals $200 and net capital outflow is zero. C. and net capital outflow both equal $200. D. is zero and net capital outflow is $200.
Recall the Application about how society will cope with increased demands for entitlement programs to answer the following question(s). This Application addresses the impact of increasing life expectancy and aging populations on the costs of government entitlement programs such as Social Security, Medicare and Medicaid, and examines several possible solutions to the potential problem.According to this Application, current spending on federal retirement and health programs accounts for 10 percent of GDP. Experts estimate that this spending component's share of GDP ________ by the year 2075.
A. is likely to shrink B. will more than double C. will remain constant D. will grow moderately initially then taper off
States often will use Medicaid funds to pay Medicare premiums for their poor elderly.
Answer the following statement true (T) or false (F)