From 2007 to 2013, total federal, state, and local appropriations to public institutions of higher education
A. increased $47 billion.
B. increased $230 billion.
C. remained constant.
D. decreased $71 billion.
Answer: D
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Referring to the table above, if consumption in period one is $20,000, then consumption in period two cannot be greater than ________
A) $52,800 B) $50,400 C) $49,600 D) $50,000
Most savers:
A. lend their money directly. B. deposit their savings into banks, retirement accounts, and life insurance companies. C. do not use proxies to decide who to lend their money to. D. All of these are true.
Which of the following does the United States import?
A. Video-game machines, cell phones, and steel. B. Cell phones, but not steel. C. Steel, but not video-game machines. D. Video-game machines, but not cell phones.
?For a perfectly competitive firm, ____.
a. ?price is less than marginal revenue at all output levels b. ?price equals marginal revenue at all output levels c. ?price exceeds marginal revenue at all output levels d. ?price is less than marginal revenue only at the profit-maximizing quantity e. ?price equals marginal revenue only at the profit-maximizing quantity