Solar vehicles that operate on photovoltaic cells:
a. are economically efficient today as compared to gasoline vehicles.
b. are not economically efficient because they create greater negative externalities than gasoline vehicles.
c. are not economically efficient even though they create fewer negative externalities than gasoline vehicles.
d. should be subsidized by government so that they cost less than gasoline automobiles.
c
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Which of the following features are relevant for determining the extent of a market?
A) Its geographical boundaries. B) Technological innovations that would reduce the cost of production. C) The range of products to be included in it. D) both A and B E) both A and C
A consumer expenditure survey reports the following information on entertainment spending: 20152016 PriceQuantityPriceQuantityMovies$75$87Concerts$302$352Music$167$1510 Using 2015 as the base year, by how much does a "cost of entertainment" index increase between 2015 and 2016?
A. 8.6 percent B. 29.4 percent C. 3.9 percent D. 13.4 percent
In a closed economy, what is the relationship between saving and investment?
A) Saving is greater than investment. B) Investment is greater than saving. C) Investment is equal to saving. D) Investment may be greater or smaller than saving.
A month ago, you bought a one-year bond with a value of $100 that pays a fixed interest rate of 5 percent per year. The interest rate of the economy was also 5 percent. Today you read in the newspaper that the interest rate in the economy decreased to 3 percent. You are holding a bond that is:
A. more desirable to other investors. B. not desirable at all. C. desirable to you. D. less desirable to other investors.