Which of the following type of development combines office space, stores, and residential units in a single, vertical community known as a
A) planed unit development
B) manufactured housing park
C) mixed -use development
D) time-share community
Answer: C) mixed -use development
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Suppose that the government passes a law requiring households to increase savings 10% above previous levels. According to Solow's growth theory, in the long run
A) output per capita grows more rapidly. B) output per capita grows at the constant steady state rate, n. C) output per capita stays constant. D) None of the above.
If Claeys, a candy-making firm that specializes in old-fashioned hard candies, chooses not to produce at a production level where its MR = MC, then it
a. is making as much profit as possible b. will incur losses c. cannot be earning a profit d. should really shut down before it loses everything e. is not earning maximum profit
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.
Scientists studying human behavior have found that people tend to:
A. Always make rational decisions B. Make systematic errors in their decisions C. Make only random errors in their decisions D. Always make decisions that are not rational