On average, about ___% of travelers get some form of expedited screening, including instances like less-intrusive scanning of elderly travelers in non-PreCheck lanes.
Fill in the blank(s) with the appropriate word(s).
Ans: 45
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An economic system in which the government decides what, how, and for whom to produce, directs workers to jobs, and owns all the land and capital is
A) centrally planned socialism. B) market capitalism. C) mixed economy. D) supported by economists as the best system available.
If you regularly spend $100 a month on gasoline and the price of gasoline doubles, your purchasing power has
A) increased. B) remained constant. C) became stable. D) decreased.
A profit-maximizing monopolist will receive zero profits when
A. the average total cost curve lies above the demand curve for all possible rates of output. B. marginal revenue, marginal cost, and average total cost are all equal. C. the average total cost curve is tangent to the demand curve at the profit maximizing price. D. a second firm enters the industry.
In periods when prices are falling, on average,
A) real GDP will grow as fast as nominal GDP. B) real GDP will grow slower than nominal GDP. C) real GDP will grow faster than nominal GDP. D) one cannot calculate real GDP.