The decision by the Municipal Transit Authority to either refurbish existing buses, buy new large buses, or to supplement the existing fleet with mini-buses is an example of:
a. independent projects
b. mutually exclusive projects
c. contingent projects
d. separable projects
e. none of the above
b
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Real GDP measures ________.
A. base year output at current prices B. current output at current prices C. base year output at current exchange rates D. current output at base year prices
In financial markets, when a firm issuing new securities has previously issued securities, these securities are called
A) seasoned issues. B) an initial public offering. C) secondary issues. D) investment-grade issues.
On the graph above, which pair of points best represents the impacts in the U. S. of the financial crisis and policy response from 2007 through 2008?
A) H to I B) K to G C) I to H D) K to F E) G to J
In a long-run equilibrium in a perfectly competitive market, firms are selling at a price equal to average cost
a. True b. False Indicate whether the statement is true or false