According to the textbook application, the largest oil tanker spill in history
a. occurred when two tankers collided in 1979 off the coast of Trinidad and Tobago
b. involved the Exxon Valdezin 1989
c. was associated with the Hebei Spirit in 2007
d. occurred as the result of an explosion of a deepwater oil rig
a. occurred when two tankers collided in 1979 off the coast of Trinidad and Tobago
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Autonomous expenditure includes
A) consumption expenditure, investment, and net taxes. B) investment, government expenditure on goods and services, and exports. C) consumption expenditure, investment, and imports. D) investment, government expenditure for goods and services, and imports. E) consumption expenditures, investment, and exports.
Exhibit 6-15 Long-run average cost
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In Exhibit 6-15, short-run average total cost, short-run marginal cost, and long-run average cost are all equal at which level of output per week?
A. 500 units. B. 1,000 units. C. 1,500 units. D. 2,000 units.
If total cost is $1,000 when output is zero, and total cost is $1,200 when output is one, and total cost is $1,500 when output is two, then which of the following is true?
A. Total fixed cost is $1,500. B. The marginal cost of producing the first unit of output is $1,200. C. The marginal cost of producing the second unit of output is $300. D. The average fixed cost is $750 when two units of output are produced.
The fiscal policy of the United States is
A. decided each year by the head of the U.S. Department of the Treasury. B. summarized in the budget of the U.S. federal government. C. published in the Federal Reserve Bank's Annual Report. D. the sum of the budgets of each state and municipality.