Net benefits of an alternative equal:
A) benefits minus costs.
B) benefits divided by costs.
C) the sum of benefits and costs.
D) the product of benefits and costs.
A
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The supply of oil for users in the United States
a. was never an issue of serious public concern until the 1970s. b. has never been an issue of serious concern by political leaders. c. has often been a topic for dire warnings and forecasts of oil depletion. d. has been more and more in doubt since the early 1980s.
If the quantity of a product demanded is greater than the quantity of a product supplied, there is pressure in the market to push the price downward.
Answer the following statement true (T) or false (F)
What happens to the market price that buyers face as a result of taxation?
A. Taxation has no effect on price, only output. B. It is greater than before the tax was imposed. C. Taxation affects average cost only. D. It is less than before the tax was imposed.
You bought one share of McDonald's stock for $10, one share of Coca-Cola for $15, and one share of Pepto-Bismol for $20. Currently, each stock is priced at $15. Assuming that there are no tax issues and that you cannot predict the future price of any of the stocks, if you needed $15, which stock would you sell?
A. Coca-Cola B. Any one of them C. McDonald's D. Pepto-Bismol