One problem with measuring a durable good's cost is
A) how to allocate the initial purchase cost.
B) how to account for depreciation of the good.
C) that the good may break before the end of its estimated useful life.
D) when to decide to throw it away for a newer model even if the cost has not been accounted for.
A
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Which of the following reasons did not contribute to the rise of "King Cotton"?
a. Eli Whitney's invention of the cotton gin in 1793 b. soils and climate of the new Southwest c. large shifts in slave populations d. declines in slave populations that drove mechanical innovation
Given fixed exchange rates, which measure is most effective in reducing the unemployment rate?
a. Expansionary monetary policy. b. Expansionary fiscal policy and expansionary monetary policy are equally effective. c. Neither expansionary fiscal policy nor expansionary monetary policy is effective. d. Expansionary fiscal policy.
Denise values a stainless steel dishwasher for her new house at $500, but she succeeds in buying one for $350 . Denise's consumer surplus is
a. $150. b. $350. c. $500. d. $850.
The U.S. dollar's effective exchange rate since 2002 has steadily weakened. However, it didn't weaken as much against ALL currencies as it did against the currencies of the major developed countries (which include the pound and the euro). This could be because:
a. the U.S. government has a strong dollar policy. b. the large trading partners, China and Japan, did not allow their currencies to appreciate greatly against the U.S. dollar. c. the rate of appreciation is always somewhat greater than the rate of depreciation. d. the United States does not trade with some nations, so the effective rate is biased.