The above table gives the market demand and market supply schedules for soda. What is the minimum price that producers are willing to accept for the 400th can of soda?
A) $0.40 per can
B) $0.50 per can
C) $0.60 per can
D) $0.70 per can
B
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Which of the following statements best describes the U.S. high school graduation rate?
a. As recently as 1970, only about half of U.S. adults had at least a high school diploma; by the start of the twenty-first century, more than 90% of adults had graduated from high school. b. As recently as 1980, only about half of U.S. adults had at least a high school diploma; by the start of the twenty-first century, more than 80% of adults had graduated from high school. c. As recently as 1970, only about half of U.S. adults had at least a high school diploma; by the start of the twenty-first century, more than 70% of adults had graduated from high school. d. As recently as 1970, only about half of U.S. adults had at least a high school diploma; by the start of the twenty-first century, more than 60% of adults had graduated from high school.
The sound economic institutions and policies needed for economic growth and prosperity
a. emerge from the political process, if they emerge at all. b. are unaffected by political decision-making and constitutional rules. c. are virtually guaranteed to emerge, if democracy becomes the form of government in a nation. d. can only emerge from a democracy
Food stamps and Medicaid are examples of:
A. cash transfer programs. B. welfare programs that have been eliminated. C. in-kind transfer programs. D. programs created by the Personal Responsibility Act.
GDP may inaccurately measure the value of aggregate output because it may not properly account for
A) production in the underground economy and the true value of government production. B) the true value of government production and the proper value of purchases and sales of used goods. C) the proper value of purchases and sales of used goods and depreciation of consumer durables. D) the depreciation of consumer durables and production in the underground economy.