It is often substantially cheaper to own and operate a used car rather than a new one because
What will be an ideal response?
the depreciation cost for a new car will almost always be substantially higher.
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Shadow prices are designed to take into account:
A. government intervention. B. social and moral pressures. C. market forces. D. the underground economy.
The USDA threshold income level was originally based on the cost of
A. basic clothing. B. a nutritionally adequate food plan. C. housing. D. transportation.
In the above table, if the marginal factor cost is $480, how many workers would be hired?
A. 6 B. 5 C. 3 D. 4
Holding other factors constant, the increase in the prison population over the past 30 years in the United States has likely
A) decreased structural plus frictional unemployment. B) increased cyclical unemployment declined. C) decreased cyclical unemployment increased. D) increased the natural rate of unemployment.