Which of the following goods is rival and excludable?
a. an uncongested toll road
b. an uncongested nontoll road
c. a congested nontoll road
d. a congested toll road
d
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When the economy is experiencing high inflation and high unemployment at the same time, then it is experiencing:
a. stagnation. b. deflation. c. reflation. d. stagflation. e. innation.
A manufacturing company is thinking about building a new factory. The factory, if built, will yield the company $300 million in 7 years, and it would cost $220 million today to build. The company will decide to build the factory if the interest rate is
a. no less than 4.53 percent. b. no greater than 4.53 percent. c. no less than 5.81 percent. d. no greater than 5.81 percent.
Which of the following is most likely to be an impact of foreign direct investment?
A. Government revenue of the home country increases. B. The wage rate declines in the host countries. C. The rental rate of capital declines in the home country. D. Temporary unemployment may arise in the home country.
The law of diminishing marginal utility suggests that
a. total utility will begin to diminish b. additional units of consumption will add less to total utility c. consumers' wants are insatiable d. most consumers will limit their consumption even when they earn high incomes e. marginal utility diminishes faster than total utility as more goods are consumed