Increases in the total real output of any LDCs do not increase the nation's standard of living because
A. the proceeds must be used to repay foreign lenders.
B. population increases may dissipate the increase in real output.
C. disguised unemployment in agriculture will persist.
D. surplus farm labor may move from rural areas to industrial areas and thereby cause unemployment.
B. population increases may dissipate the increase in real output.
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In order to influence the interest rate, the Federal Reserve System can immediately adjust the
A) reserves of the banking system. B) inflation level. C) unemployment rate. D) taxes that citizens must pay. E) amount the government borrows.
Angelo's Calzones is opening a new location in Colorado. To attract new customers, the managers of Angelo's advertise the following slogan, "Angelo's Calzones: The BEST Calzone You Will Ever Eat!" If Angelo's calzones are really of poor quality, this is an example of ________ a(n) ________ good.
A) falsely advertising; credence B) greenwashing; credence C) greenwashing; experience D) falsely advertising; experience
Last year Christine worked as a consultant. She hired an administrative assistant for $15,000 per year and rented office space (utilities included) for $3,000 per month. Her total revenue for the year was $100,000. If Christine hadn't worked as a consultant, she would have worked at a real estate firm earning $40,000 a year.Last year, Christine's explicit costs were ________, and her implicit costs were ________.
A. $51,000; $40,000 B. $18,000; $40,000 C. $36,000; $140,000 D. $15,000; $43,000
Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. If Ohio Edison engages in rent-seeking behavior to maintain their monopoly, the true net social cost of monopoly is
A. FAC. B. BEC and the portion of area FGBE that pays for the rent-seeking behavior. C. AGB and the portion of area FGBE that pays for the rent-seeking behavior. D. FGBC.