Which one of the following was designed to create greater equality in debt holdings?
a. savings bonds
b. 30-year Treasury securities
c. 3-month Treasury bills
d. 2-year Treasury note
e. sales taxes
A
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Can electric utility companies always raise their total revenue by raising their rates?
What will be an ideal response?
Which of the following is an example of a normative economic statement?
a. The inflation rate in the United States decreased from 4 percent last year to 3 percent this year as a result of lower energy prices. b. The economy grew at an annual rate of 5 percent during the first quarter of this year. c. If two automobile companies merge, it is likely that the price of automobiles will rise. d. An increase in international trade benefits some workers but hurts others. e. The minimum wage should be increased so that low income workers can afford to keep up with the cost of living.
Suppose a firm is hiring 20 workers at a wage rate of $60. The average product of labor is 30, the last worker added 12 units of output, and total fixed cost is $3,600. What is marginal cost?
A. $240 B. $.20 C. $5 D. $720 E. none of the above
Refer to Scenario 1 . If you start the course in such a way that each exam score is worse than your previous average what should happen to your average score?
What would happen to your average if the next exam score was larger than your previous exam score? Explain.