Which of the following workers is most likely to be asked to post a bond?

A) construction contractor
B) fast food worker
C) sanitation worker
D) book author


A

Economics

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The above table shows the daily production possibilities for a bakery. Currently the bakery bakes 60 pizzas and 180 loaves of bread, that is at alternative C. Using the above table, moving from alternative C to alternative B, what is the opportunity cost of one loaf of bread?

A. 2 pizza pies
B. 1 pizza pie
C. 0.5 pizza pie
D. 30 pizza pie

Economics

Which of the following is an example of an unintended consequence?

a. first time tax credits that cause more home sales b. a price ceiling on gasoline that causes a gas shortage and leads some gas stations to go out of business. c. increased parking fines that lead to fewer violators d. all of the above

Economics

The expected value of a basket with different outcomes is

a. the average of the values of the different outcomes. b. the average of the values of different outcomes multiplied by the average of the probabilities of the outcomes. c. the sum of the values of the different outcomes. d. the sum of the value of each outcome multiplied by its probability.

Economics

The profit maximizing rule MR = MC applies to:

A. perfectly competitive firms only. B. monopolists only. C. imperfectly competitive firms only. D. all firms.

Economics