Refer to the scenario above. If the investor plans to invest a sum of $4,000, which of the following statements is true?
A) All three investment options are equally profitable.
B) Options A and B are profitable investment options, whereas Option C is not.
C) Options A and C are profitable investment options, whereas Option B is not.
D) Options B and C are profitable investment options, whereas Option A is not.
D
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Frictional unemployment is the result of
A) the economy entering a strong expansion. B) normal labor market turnover. C) a slowdown in the rate of economic expansion. D) changes in the weather. E) technological change or foreign competition.
The optimal amount of information to acquire before making a purchase is:
A. zero. B. as much as possible. C. the amount such that the marginal cost of acquiring information equals the marginal benefit. D. the amount such that the total cost of acquiring information equals the total benefit.
Refer to above figure in which negative externality existed. The government imposes a $1.00 pollution tax on the producer. Supply shifts leftward.
A. This tax will be borne entirely by the producer. B. The amount of the tax shifted to the consumer depends on the consumer's elasticity of the demand curve. C. This tax will be shifted entirely to the consumer. D. The tax will be divided into equal amounts between consumer and producer.
Of the following, which is the best example of good with a perfectly inelastic demand?
A) the demand for tickets in New York City when the Mets or Yankees are in the World Series B) the demand for gasoline C) a diabetic's demand for insulin D) the demand for a college education by a student who has a full scholarship to an Ivy League school