The federal government ran a budget deficit of approximately ________ in fiscal year 2011
A) $14 trillion B) $800 billion C) $250 billion D) $1.3 trillion
D
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A(n) ____ can be used to demonstrate why a competitive oligopoly tends to result in a low-price strategy that does not maximize mutual profits
a. interdependence index b. gini coefficient c. herfindahl index d. payoff matrix
Texas requires drivers to carry automobile collision insurance. Texas views this type of insurance as a
a. merit good b. public good c. nonrival good d. nonexcludable good e. voluntary good
:Employed full-time:4,200Employed part-time: 700Not employed and looking for work: 300Not employed and not looking for work: 200
Given the data in Table 12.1, the unemployment rate of Metropolis is approximately:
A. 6 percent. B. 9 percent. C. 12 percent. D. 22 percent.
A demand curve for a Giffen good would be
A) upward sloping. B) downward sloping. C) horizontal. D) vertical.