TSA could sign up some _____________ people willing to pay for less hassle at airport security -- if they don't have to make an appointment to have fingerprints and IDs scanned
Fill in the blank(s) with the appropriate word(s).
Answer: 10 million
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A socially optimal price:
A) maximizes consumer surplus and minimizes producer surplus. B) maximizes producer surplus and minimizes consumer surplus. C) maximizes total surplus. D) maximizes deadweight loss.
Assume there is a simultaneous increase in home foreclosures and a decrease in consumer incomes. Based on this information we can conclude, with certainty, that in the market for used single-family homes equilibrium:
A) price will increase. B) price will decrease. C) quantity will increase. D) quantity will decrease.
Refer to Scenario 5.2. Which of the following is true?
A) Randy has a higher expected expense than Samantha for the car. B) Randy has a lower expected expense than Samantha for the car. C) Randy and Samantha have the same expected expense for the car, and it is somewhat less than $20,000. D) Randy and Samantha have the same expected expense for the car: $20,000. E) It is not possible to calculate the expected expense for the car until the true probabilities are known.
Net exports measures the difference between a country's
a. income and expenditures. b. sale of goods and services abroad and purchase of foreign goods and services. c. sale of domestic assets abroad and purchase of foreign assets. d. All of the above are correct.