Refer to Table 19-18. What is real GDP in 2016, using 2016 as the base year?
A) $28,885 B) $11,790 C) $11,200 D) $10,275
B
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A single-price monopolist will always produce where the elasticity of demand
A) is greater than 1. B) is smaller than 1. C) equals 1. D) equals infinity.
As a general rule, you would be unwise to keep a deposit at an FDIC-insured bank in an amount greater than
a. 20 percent of the bank's reserves. b. $1,000,000. c. $250,000. d. an infinite amount; there is no limit.
Economist Arthur Laffer equated Robin Hood to?
A. government and equated the people passing through Sherwood Forest to taxpayers. B. charitable organizations and equated the people passing through Sherwood Forest to poor people. C. businesses and equated the people passing through Sherwood Forest to consumers. D. government and equated the people passing through Sherwood Forest to importers of goods and services.
If a manager maintains flexibility while designing a proposal, she may risk:
A. increasing the benefits beyond the costs of the proposal. B. losing her place in the internal labor market. C. being seen as uncommitted to the proposal. D. being the first employee to present the proposal.