Congress trimmed funding for TSA by $____________ this year and the agency cut _______ screener positions.
Fill in the blank(s) with the appropriate word(s).
Answer: 530 million, 3,500
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A college graduate in 1972 found a job paying $7,200. The CPI was 0.418 in 1972. A college graduate in 2005 found a job paying $30,000. The CPI was 1.68 in 2005. The 1972 graduate's job paid ________ in nominal terms and ________ in real terms than the 2005 graduate's job.
A. more; more B. more; less C. less; more D. less, less
________ are highly excludable but non-rival in consumption
A) Public goods B) Private goods C) Common pool resources D) Club goods
If a perfectly competitive firm decides to shut down in the short run, its loss will equal its
A) minimum average variable cost, AVC. B) total variable cost, TVC. C) total fixed cost, TFC. D) average total cost, ATC.
OutputMarginal RevenueMarginal Cost0----1$16$142169316154162151628Refer to the above data. This firm is selling its output in a(n):
A. purely competitive market. B. oligopolistic market. C. monopolistic market. D. monopolistically competitive market.