The opportunity cost of rebuilding the Gulf Coast after hurricanes Katrina and Rita could be the
A. decrease in available Federal Student Loan funds.
B. delay in availability of up-armored vehicles for use by U.S. troops in Iraq.
C. delay in rebuilding of highway bridges in Minnesota.
D. all of the options are correct.
Answer: D
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All of the following conditions must exist for the median-voter theorem to hold except that:
A. there is a single one-dimensional policy question. B. candidates win by majority vote. C. there are only two candidates. D. the policy being voted on must be uncontroversial.
Explain how derivates were used to increase risk making the financial crisis of 2007-2009 more severe
Refer to the information provided in Figure 3.10 below to answer the following question(s).
Figure 3.10Refer to Figure 3.10. A decrease in quantity supplied is represented by a movement from
A. S2 to S1. B. S2 to S3. C. Point B to Point A along supply curve S2. D. Point B to Point C along supply curve S2.
The main decision for a profit-maximizing perfectly competitive firm is not what ________ but what ________.
A. level of output to produce; total revenue to achieve B. price to charge; level of output to produce C. price to charge; total cost to achieve D. level of output to produce; price to charge