In 2015, Smileytown consumed 50,000 tubes of toothpaste. In 2016, toothpaste consumption rose to 62,000 tubes. Calculate the percentage change in toothpaste consumption
A) 12% B) 16.42% C) 19.35% D) 24%
D
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For a government to add to the supply of loanable funds, it must
A) borrow. B) increase its investment demand. C) have a budget deficit. D) raise the real interest rate. E) have a budget surplus.
The informal sector can be a significant drag on the economies of developing countries because the firms in the informal sector
A) employ illegal immigrants from other countries. B) produce goods and services no one wants. C) sell their goods and services to citizens in other countries. D) do not pay taxes to the government.
Suppose the velocity of money is 6, the amount of money in circulation is $600 billion, the index of prices is 180, and real GDP is $20 billion. According to the strict quantity theory of money, if the money supply decreased to $300 billion,
a. the velocity of money would rise to 12. b. the index of prices would fall to 90. c. real GDP would decrease to $10 billion. d. the velocity of money would decline to 3.
Suppose the problem is the stereo noise in the dorm. On the graph on the next page the amplifier dial numbers are located on the horizontal axis. The vertical axis measures the marginal costs and benefits of various levels of music (noise). Also measured on the vertical axis is the marginal cost of insulating the walls to prevent the externalities from penetrating the wall. 
What if negotiation is impossible and you have the rights to play?
A. You will play at 6 and she will suffer through the listening of your playing. B. You will play at 10 and insulate your walls. C. You will play at 3 and she will listen to the music that comes into her apartment. D. She will insulate her walls and you will play at 10.