The national debt is now about
A. $700 million.
B. $9 trillion.
C. $900 billion.
D. $12 trillion.
D. $12 trillion.
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At a fair carnival roulette wheel, a player can either win $10, $30, or $80 . If the player were to be made indifferent between playing the game or not, how much should the owner charge him?
a. $30 b. $40 c. $50 d. $80
If the government grants patents to three different firms that produce a drug for diabetes, then the three firms may lead to the creation of: a. a monopoly
b. an oligopoly. c. monopolistic competition. d. perfect competition.
The GDP deflator is equal to
A) real GDP divided by nominal GDP. B) nominal GDP divided by real GDP, multiplied by 100. C) nominal GDP divided by real GDP. D) real GDP divided by nominal GDP, multiplied by 100.
A situation in which the outcome of an election is sensitive to the order of events is called
A) the agenda paradox. B) strategic voting. C) the Condorcet paradox. D) Borda-count manipulation.