All of the following are private costs of operating an automobile EXCEPT
A. depreciation of the vehicle.
B. harm to the environment from emissions.
C. gasoline for operating the vehicle.
D. car insurance.
Answer: B
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Steve takes $500 from his paycheck and uses it to purchase U.S. Savings Bonds. Based on this information:
A. Steve's wealth is unchanged. B. Steve's saving has increased by $500. C. Steve's saving has decreased by $500. D. Steve has a capital gain of $500.
Macland is running a budget deficit and has issued new treasury bonds. Foreign investors are eager to buy the newly issued bonds but to do so must have Macland currency. What effect does this budget deficit have on the value of Macland’s currency?
a. The exchange rate will not change. b. The exchange rate will depreciate. c. The exchange rate will appreciate. d. The exchange rate will decrease.
The marginal cost curve is a mirror image of the:
A. marginal product curve. B. average variable cost curve. C. average product curve. D. total product curve.
The slope of a non-linear curve
A. must first increase then decrease. B. is not constant. C. is constant. D. is always positive.