The recession of 2007-2009 has been
A. less severe than most post-World War II recessions.
B. typical of post-World War II recessions.
C. one of (if not) the worst post-World War II recession.
Answer: C
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There are not enough of four goods to satisfy the wants of people. For good A, this is true when the price is $100. This is true for good B at a price of $10, for good C at a price of $1, and for good D at a price of zero
Which situation reflects scarcity rather than shortage? A) A B) B C) C D) D
Which of the following is an example of a firm's derived demand?
a. Workers with higher levels of education earn more, on average, than workers with lower levels of education. b. Factors that decrease the demand for labor will decrease the equilibrium wage. c. A tractor manufacturer's demand for assembly-line workers is inseparably linked to the supply of tractors. d. All of the above are correct.
A $500 investment has the following payoff frequency: half of the time it will pay $350 and the other half of the time it will pay $900. Its standard deviation and value at risk respectively are:
A. $275; $350 B. $625; $275 C. $125; $500 D. $275; $150
Site value taxation _____
a. taxes improvements to land b. taxes the assessed value of land c. taxes the locational value of land d. a and c