Individuals who lease a new car
A) have a higher discount rate than those who buy.
B) have a lower discount rate than those who buy.
C) have the same discount rate as those who buy.
D) behave irrationally and are taken advantage of by car companies.
A
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________,
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Which of the following is a false statement about education in the HPAE?
A) An emphasis on state funding of advanced degree programs, such as engineering and computer science, increased manufacturing production significantly. B) Literacy rates rose dramatically in the HPAE and laid a foundation for a skilled labor force. C) As the average educational level rose, workers could take on more technological, sophisticated production, pushing new investment into product lines. D) Spending was focused on the primary and secondary level, where it has the greatest social impact.
Which of the following is a characteristic of a monopoly market?
A. the firm can influence market price B. one firm is the only supplier of a product for which there are no close substitutes C. entry into the market is blocked D. all of the above
In 1978, China was the world's 15th-largest economy. By 2011, China had:
A. the second-largest economy in the world. B. an economy worth about $11 trillion. C. the fourth-largest economy in the northern hemisphere D. a larger economy than Japan but smaller than Germany.