Which of the following countries experienced the lowest level of output per capita in 2011?
A) United States
B) France
C) Japan
D) United Kingdom
B
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The present value of a promise to pay $100 one year from now is approximately $90.91 if the interest rate is 10 percent
a. True b. False
The height of the market supply curve
a. at any quantity shows the value -- to someone -- of the last unit of the good consumed b. at any quantity shows the cost -- to someone -- of purchasing the last unit of the good c. at any quantity shows the marginal cost of producing the last unit of a good d. shows the market value of a good or service e. measures the size of the side payment necessary to achieve a Pareto improvement
John Maynard Keynes noted that
A. we could print all the money we want and still have scarcity. B. "to secure the greatest amount of pleasure with the least possible outlay should be the aim of all economic effort." C. the general notion that scarcity is due to not having enough money is an illusion. D. we could print all the money we want and still have scarcity AND the general notion that scarcity is due to not having enough money is an illusion.
A decrease in the demand for recreational fishing boats might be caused by
A. a decrease in the number of sports fishers. B. an increase in the price of fishing boats. C. a decrease in the price of fishing boats. D. an increase in the number of sports fishers.