The first and biggest problem the EU faces in its expansion to the east is
A) the reform of its agricultural subsidy programs.
B) the lack of democracy in the countries that are most likely to become members.
C) the unwillingness of the new members to adopt EU rules.
D) the lack of market economies in the countries that are most likely to become members.
A
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Who among the following exercises a right to pollute?
A) A cigarette smoker B) An automobile driver C) An owner of a coal-fired electrical utility D) A user of household sprays E) All of the above.
Suppose a monopoly firm has an annual demand function of Qd = 20,000 - 250P, annual variable costs of VC = 16Q + 0.002Q2 and marginal cost of MC = 16 + 0.004Q, where Q is the annual quantity of output. In addition, the firm has an avoidable fixed cost of $25,000 per year. If this firm maximizes its profit, what is the value of aggregate surplus?
A. $247,250 B. $272,250 C. $242,000 D. $217,000
The U.S. Census Bureau considers in-kind transfers (such as employer provided benefits) when measuring income
a. True b. False
When the number of families with someone employed by the government is added to those receiving income from transfer programs, the share of American families receiving income from the government is
a. less than 20 percent b. approximately 50 percent of the total c. approximately 62 percent of the total d. a little more than 75 percent of the total