Consider four possible benefits of a water resources project: I. Provides employment to construction workers currently building houses. II. Provides electric power to the market. III. Provides reduced flood risk to individuals living along the river. IV. Raises the profits of MacDonald's stands in the area that serve construction workers. Which of these are social benefits of the project?
a. All of them.
b. I, II, and III, but not IV.
c. I and III, but not II and IV.
d. II and III, but not I and IV.
d
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The United States has a trade ________ with all its major trading partners and a trade ________ with every region of the world except for Latin America
A) deficit; deficit B) deficit; surplus C) deficit; balance D) surplus; deficit E) surplus; surplus
A person is dynamically inconsistent if:
A. lapses in self-control occur. B. he does not always follow through on his plans and intentions. C. he changes his ranking of alternatives available at some future date as the date approaches or once it arrives. D. All of these are sufficient for dynamic inconsistency.
People hold less money and lend more and the interest rate falls when the price level
a) increases by more than 30 percent. b) remains constant. c) increases by less than 30 percent. d) decreases.
To calculate market demand, we
A. Add the quantities demanded for each individual demand schedule vertically. B. Find the difference between the quantity demanded and the quantity supplied at each price. C. Find the average quantity demanded at each price. D. Add the quantities demanded for each individual demand schedule horizontally.