If the safety of the work environment has improved over time
What will be an ideal response?
real GDP will understate the growth rate of real income
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Jenny sells lemonade in front of her house in the summer. Several other kids in Jenny's neighborhood also run lemonade stands in the summer. Suppose that the first week of summer, Jenny charged 25 cents for an 8-ounce cup of lemonade, her next-door neighbor Sam charged 50 cents for an 8-ounce cup of lemonade, and Alex across the street charged 15 cents for an 8-ounce cup of lemonade. Assuming the market for lemonade is perfectly competitive, what is most likely to happen?
A. Everyone will start to charge 50 cents to maximize revenue. B. Eventually prices will equalize across all three lemonade stands. C. A price war will break out, and all of the kids will lower their prices. D. Each kid will keep his or her price at the original amount.
A good is nonexcludable if no externalities, either negative or positive, are associated with its production or consumption.
Answer the following statement true (T) or false (F)
The principal result of the rising value of the U.S. dollar in the mid-1990s was the
a. lower foreign inflation. b. lower U.S. interest rates. c. opportunities for currency speculation. d. attractive investments in U.S. technology.
Federal agencies hold roughly ________ percent of all outstanding Treasury bonds.
A. 40 B. 66 C. 30 D. 50