Which of the following is NOT a direct indicator of a society's well-being?
a. Changes in average height
b. Changes in life expectancy
c. Changes in average weight
d. Stock of nuclear weapons
d. Stock of nuclear weapons
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Between 1980 and 2005, the Vanguard Index Fund earned 12.3 percent per year, while the average mutual fund investor earned
A. 1.9 percent. B. 2.3 percent. C. 5.1 percent. D. 7.3 percent.
Hyperinflation refers to a situation in which:
a. prices are rising extremely rapidly. b. prices are falling extremely rapidly. c. the price level is extremely high. d. the price level is extremely low.
Accounting profit will always be
A) more than economic profit. B) equal to sunk costs. C) less than economic profit. D) equal to implicit costs.
In the above figure, if the single-price monopolist charges a price that maximizes its profits, consumer surplus is
A) area hacd. B) area bac. C) area jae. D) area jbce.