Which of the following countries increased its holding of U.S. government debt by the greatest percentage between 2001 and 2011?
A. The United Kingdom
B. Canada
C. Saudi Arabia
D. China
Answer: D
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In the Battle of the Sexes game,
a. Fred and Ethel are best off choosing the activity they prefer. b. Fred is better off attending the opera with Ethel than having Ethel attend the boxing match with him. c. Ethel is better off attending the boxing match with Fred than having Fred attend the opera with her. d. Fred and Ethel would both be better off choosing to attend either activity together than going alone to the activity they prefer.
If a perfect competitor is currently charging $9 for its product and the marginal cost of the last unit produced is $6, the firm should
a. cut back production and increase price b. stay at its current price and output level c. increase price and output d. increase price and hold output constant e. increase output
The equilibrium rent for marginal land
A. equals zero. B. depends on the supply and demand of land. C. exceeds the opportunity cost of the land. D. is always greater than the equilibrium rent for nonmarginal land.
Refer to Table 2-17. What is Lucy's opportunity cost of making a wagon?
A) 3 wagons B) 3/4 of a wagon C) 1 1/3 tricycles D) 2 tricycles