According to your text, the total annual social cost of regulation (federal, state and local) in the United States is estimated to exceed ________ per year.
A. $500 million
B. $900 million
C. $50 billion
D. $1 trillion
Answer: D
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The following table provides information about production at the XYZ-TV Company.Number of WorkersTVs ProducedMarginal ProductValue of Marginal Product00------13535$35,00026833$33,00039931$31,000412829$29,000515527$27,000How many workers will XYZ-TV Company hire if the going wage for TV production workers is $30,000?
A. 0 B. 3 C. 2 D. 1
Adverse selection occurs in the market for used cars because used car buyers
A) tend to have more accidents than new car buyers. B) have more information than used car sellers. C) have less information than used car sellers. D) have less incentive to maintain the value of their cars than new car buyers.
If you want to know the present value of a future payment received in one year, what formula can you use?
A) Present value equals future payment divided by one plus the rate of interest. B) Present value equals future payment times the current market rate of interest. C) Present value equals future payments times one plus the rate of interest. D) Present value equals one plus the rate of interest in decimals divided by future payment.
In the horizontal segment of the aggregate supply curve, when GDP:
a. increases, the price level rises. b. decreases, the price level falls. c. increases, the price level does not change. d. increases, the price level falls. e. increases, the price level first rises and then falls.