Refer to the information provided in Figure 16.1 below to answer the question(s) that follow.
Figure 16.1 Refer to Figure 16.1. What is the total damage imposed as a result of producing the market (unregulated) level of fertilizer?
A. $250
B. $300
C. $500
D. $600
Answer: B
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Junk bonds are defined as those bonds the rating services consider to be
A) investment grade. B) high risk or speculative grade. C) financial grade. D) in default.
Over the past century in the United States, real GDP per person has grown, on average, by about
a. 1 percent per year. b. 2 percent per year. c. 3 percent per year. d. 5 percent per year.
The price of crude oil increased to $100 per barrel in early 2008. What would we expect to see happen to the supply of gasoline, which is produced using crude oil?
A) The supply of gasoline will increase. B) The supply of gasoline will decrease. C) The supply of gasoline will stay the same because the government requires gasoline producers to meet statutory minimum production levels. D) The supply of gasoline will stay the same because of the profit motives of gasoline producers.
Which one of the following would count as investment in the national income accounts?
What will be an ideal response?