If Project X has a cost of $6 and provides a benefit of $10, and Project Y has a cost of $25 and provides a benefit of $27, which of the following statements is true?
A) An individual can optimize by choosing Project X.
B) An individual can optimize by choosing Project Y.
C) Switching from Project X to Project Y increases net benefit by $2.
D) Switching from Project Y to Project X decreases net benefit by $2.
A
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The main process by which a recessionary gap is eliminated is a(n)
A. increase in wages that shifts the aggregate supply curve inward. B. drop in wages that shifts the aggregate demand curve inward. C. increase in wages that shifts the aggregate demand curve outward. D. drop in wages that shifts the aggregate supply curve outward.
In 2009, the Social Security System ran a surplus of approximately $137 billion.
Answer the following statement true (T) or false (F)
Use the following table to answer the question below.Giovanni's Production Possibilities ScheduleJorge's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn02400480301802036060120402409060601201200800Who has the comparative advantage in the production of green beans?
A. Giovanni B. Jorge C. Both D. Neither
According to current projections, in about 2034, the Social Security trust fund will
A) own all the government bonds that have been issued. B) own about half of all the stock issued on the New York Stock Exchange. C) run out of assets. D) start to run deficits.