The slope of a line that passes through the points (5, 8) and (12, 12) is
a. -7/4.
b. -4/7.
c. 4/7.
d. 7/4.
c
You might also like to view...
Are there real-world markets that resemble double oral auctions? Suppose you had to organize a double oral auction for a good that has perfectly elastic demand. Do you expect prices to approach the competitive equilibrium?
What will be an ideal response?
When there is only a weak link between work effort and reward
a. individuals will undertake fewer projects that create income. b. taxing the rich and distributing the money to the poor becomes the best way to increase the size of the economic pie. c. corporations will profit more. d. individuals have a strong incentive to undertake projects that generate income.
Suppose Mary is willing to pay up to $15,000 for a used Ford pick-up truck. If she buys one for $12,000, her ________ would be ________.
A. cost; $15,000 B. economic surplus; $12,000 C. benefit; $12,000 D. economic surplus; $3,000
Transfer payments ___ counted in GDP. Also, they ___ a payment for a good or service the government received.
A. are, are B. are, are not C. are not, are D. are not, are not