Approximately what percentage of local government expenditures goes to finance education?
A. 36.
B. 44.
C. 53.
D. 69.
Answer: B
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The statement "The unemployment rate in the U.S. is 5 percent" is
a. a statement of opinion b. a positive statement that can be falsified c. lacking proper microeconomic foundations d. a statistical anomaly e. a philosophical difference of opinions regarding the nature and significance of statistical inference
The us government can set interest rates by controlling the money supply
Answer the following statement(s) true (T) or false (F)
A particularly severe recession is called a(n):
A. growth recession. B. lull. C. super recession. D. depression.
Continue with the power plant from the previous question, where again coal currently sells for $60 a ton but will sell for either $54 or $66 next month with equal probability. Now suppose coal can be stored for a month at the cost of $2 per ton. How would the new alternative of being able to buy coal at today's prices and store it affect the amount the power plant would be willing to pay for an
option to buy coal next month at today's prices? a. Increase its willingness to pay for the option. b. Decrease its willingness to pay for the option. c. Lead it to never pay for the option. d. No effect. The new alternative of storing would never be chosen since it is worse than simply waiting and buying at next month's uncertain price.