Money is:
A. fungible, meaning it is easily exchangeable or substitutable.
B. not fungible, meaning it can be easily exchanged or substituted.
C. an alternative to implicit costs.
D. a proven cognitive bias.
A. fungible, meaning it is easily exchangeable or substitutable.
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The table above shows a production possibilities frontier for an economy. Which of the following combinations is unattainable?
A) 300 loaves of bread and 200 books B) 100 loaves of bread and 800 books C) 0 loaves of bread and 800 books D) 200 loaves of bread and 800 books E) 0 loaves of bread and 0 books
Who is most likely to benefit from rent controls?
A) consumers who are able to obtain apartments at the controlled rents B) consumers who are unable to obtain apartments at the controlled rents C) landowners who can lease the apartments at the controlled rents D) the government that controls the rents
Based on the rule of 72, it would require 18 years for an economy to double its real output if the annual growth rate was 4%
a. True b. False Indicate whether the statement is true or false
The major goal of the Pesticide Environmental Stewardship Program (PESP) is
a. to control pesticide use b. to determine which pesticides must be banned c. to achieve pollution prevention by reducing the use of pesticides d. to accelerate the pesticide registration and reregistration processes