Recall the Application about the productivity of large infrastructure investments to answer the following question(s). According to the Application, which infrastructure investment in the U.S. contributed to the increased the productivity of agricultural lands between 1870-1890?
A. railroads
B. the internet
C. the highway systems.
D. dams.
Answer: A
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If a price floor is set above the equilibrium price in a market
A. the quantity supplied will exceed the quantity demanded. B. the quantity demanded will exceed the quantity supplied. C. rationing will be unnecessary. D. shortages will develop.
Refer to Figure 12-5. If the market price is $20, what is the average profit at the profit-maximizing quantity?
A) $5 B) $6 C) $9 D) $20
Suppose a bank has assets of $500 million and capital of $100 million. Its return on assets is -3%. What is its leverage ratio? What is its return on equity?
What will be an ideal response?
The following statements are accurate except a. Social Security represents in-kind transfer payments. b. The percentage of people below the poverty line fell dramatically between 1960 and 1970
c. The negative income tax was designed to preserve incentives to work. d. Income inequality in the U.S. is less unequal than the inequality of wealth. e. The Gini coefficient measures income distribution.