Refer to the above information. The marginal benefits of crime control for Level Two are:
a. $10,000
b. $40,000
c. $50,000
d. $200,000
Ans: b. $40,000
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If Cassie's Coffee House purchases 33 cents worth of ingredients and spends 36 cents on wages per cup of coffee to produce an 89 cent cup of coffee, then Cassie's Coffee House's contribution to GDP is ________ per cup of coffee
A) 20 cents B) 33 cents C) 36 cents D) 56 cents
State and local governments finance expenditures mainly from
A) tax revenue. B) government bonds issued at the state level. C) funds provided by the federal government. D) private bank loans. E) lottery funds.
Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. Suppose Country B's population of workers increased to 600. Which of the following statements is now true?
A. Country B's production possibilities curve has rotated out for only production of iPods. B. Country B's production possibilities curve has shifted straight out. C. Country B's production possibilities curve has shifted straight in. D. Country B's production possibilities are now more limited because of crowding from having more workers.
The reason a corporation has retained earnings is to
A. avoid the double taxation of corporate profits. B. be able to make unemployment payments. C. pay unemployment taxes. D. make investments that will increase the value of the stock.