Dunston Military Academy has an annual deficit of $250,000. Its 1,000 students pay tuition of $10,000 each per year. The economics faculty has recommended solving the problem by recruiting additional athletes with $5,000 scholarships. Each additional athlete will cost the school $2,500 (equipment, etc.). Assuming the academy agrees, how many athletes are needed to eliminate the deficit?
A. Zero, the deficit cannot be eliminated by giving more scholarships.
B. 25
C. 50
D. 100
Answer: D
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In an economy, there is $200 million in currency held outside banks, $100 million in traveler's checks, $250 million in currency held inside the banks, $300 million in checking deposits, and $600 million in savings deposits
The value of M1 is ________. A) $750 million B) $1,200 million C) $1,150 million D) $600 million
First-past-the-post voting entails:
A. a series of votes with two options; the winner of the first vote is paired with another option until all options have been voted on in pairs and there is one winner. B. voters ranking all available options and the option most approved of wins. C. one vote with many options, and the option with the most votes wins. D. one vote with many options, and the option that gets to 51% wins.
When disposable income is 3750, saving is
A. -1000.
B. 0.
C. 1000.
D. 2750.
One feature of pure monopoly is that the demand curve:
A. Is vertical B. Is horizontal C. Slopes upward D. Slopes downward