Money is essentially defined by
A) the intrinsic value of what is being used as money.
B) the judicial branch.
C) the government.
D) social usage.
Ans: D) social usage.
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Economic growth is supported by
A) the rule of law. B) competent and honest government officials. C) an educated populace. D) openness to international trade and investment. E) all of the above.
The unemployment rate is lowest for what group?
a. All groups have the same unemployment rate. b. People who are between 16 and 19 years of age c. People who are 55 and older years of age d. People who are between 24 and 54 years of age
Radon Research Corporation (RRC) is one of 24 firms in Albuquerque testing homes for dangerous levels of radon gas. There is a standard test that all testing companies use. The manager of RRC wants to know the number of homes to test in 2015 in order to maximize the firm's profit. The manager forecasted a price of $160 for radon tests in 2015. The firm's marginal cost was estimated asSMC = 200 ? 15Q + 0.8Q2where Q is the number of tests performed each week. RRC's fixed cost will be $250 per week. The average variable cost at RRC is
A. 200 ? 7.5Q + 0.2667Q2 B. 200Q ? 15Q2 + 0.8Q3 C. 100 ? 10Q + 0.4Q2 D. 200 ? 30Q + 1.6Q2 E. none of the above
Government outlays include all of the following EXCEPT
A. dividend payments. B. spending on the military. C. letterhead stationery. D. electricity for the Capital Building.