When a third string NFL quarterback earns more than a police officer, society answers the ________ question

A) for whom
B) what
C) how
D) why
E) social interest vs. self-interest


A

Economics

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All else constant, a large decrease in the number of people who want to own sport utility vehicles (SUVs) because of their poor fuel efficiency could be expected to cause:

A) an increase in the supply of SUVs. B) a decrease in the equilibrium price of gasoline. C) an increase in the equilibrium price of SUVs. D) an increase in the supply of gasoline.

Economics

The absolute price elasticity of demand for a product that has many good substitutes is probably

A) less than 1. B) greater than 1. C) equal to 1. D) infinity.

Economics

Consensus research concludes that medical technology is responsible for much of the increase in medical care spending over the past several decades.This probably means

a. That better availability means wider use. b. That poorer availability means less use and poorer health outcomes. c. That medical care is increasingly expensive d. All of the above are correct.

Economics

Refer to the given information. If nominal GDP is $200 and the interest rate is 6 percent, the total amount of money that households and businesses will want to hold is:



Answer the question on the basis of the following information. For transactions, households
and businesses want to hold an amount of money equal to one-half of nominal GDP. The table
shows the amounts of money they want to hold as an asset at various interest rates.

A.  $120.
B.  $140.
C.  $160.
D.  $180.

Economics