It is estimated that approximately __________ percent of U.S. depositors have their deposits fully federally insured
A) 25
B) 40
C) 70
D) 99
D
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The reason individual homeowners usually do not hire a private contractor to fill the potholes on their street is because
a. there are positive externalities associated with the potholes b. the value to the neighborhood exceeds the cost of repair c. it costs them more than the benefits they derive d. they do not trust the government e. there are negative externalities associated with the repair
In general, demand curves for luxuries tend to be price elastic
a. True b. False Indicate whether the statement is true or false
Which of the following statements about economic models is correct?
a. Economic models are built to mirror reality exactly. b. Economic models are useful, but they should not be used for the purpose of improving public policies. c. Because economic models omit many details, they allow us to see what is truly important. d. Economic models seldom incorporate equations or diagrams.
the long-run aggregate supply curve shows the
What will be an ideal response?