Which of the following is not a step involved in cost-benefit analysis?
a. Conversion of the costs and benefits to dollar terms.
b. Enumeration of the costs and benefits.
c. Enumeration of the special interests.
d. Enumeration of the options.
c
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Sarah spends $100 a year on magazines and ice cream. The table above shows her utility from each good. If the price of a magazine is $5 and the price of ice cream is $5 per gallon, how does Sarah spend the $100?
What will be an ideal response?
A nation's merchandise trade balance reflects
a. trade in tangible products b. value of exports c. value of imports d. the same information as its balance of payments e. trade in tangibles and intangibles
In a barter economy,
A) money is a medium of exchange. B) coins are used to facilitate trade. C) money is a store of value. D) goods and services are traded directly for each other. E) the money supply consists entirely of coins and currency.
A long-run aggregate supply curve may graphically be represented as a
A. horizontal line. B. an upward sloping line. C. vertical line. D. a downward sloping line.