Suppose Jan started up a small lemonade stand business last month. Variable costs for Jan's lemonade stand now include the cost of
a. building the lemonade stand.
b. hiring an artist to design a logo for her sign.
c. lemons and sugar.
d. All of the above are correct.
c
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If national laws protecting the health and safety of workers completely eliminate any and all risk, then
A) more people would be employed. B) workers in risky occupations become better off. C) compensating differentials would grow because workers could not be compensated by being given lower risk jobs. D) compensating wage differentials disappear and workers in risky occupations may be no better off.
Which contracting party gains from the use of a more sophisticated contract?
a. The principal, who offers the contract. b. The agent, who accepts the contract. c. Both parties may lose. d. Both parties gain equally.
__________ plus __________ plus __________ equals ___________
a. Total deposits, loans, required reserves, excess reserves. b. Loans, required reserves, excess reserves, total deposits. c. Required reserves, total deposits, excess reserves, loans. d. Excess reserves, loans, total deposits, required reserves.
Answer the following statement(s) true (T) or false (F)
1. The largest “hole” in the earth’s ozone layer occurs over North America. 2. Scientists agree that the presence of chlorofluorocarbons (CFCs) in the atmosphere most likely explains the existence of the ozone hole. 3. The release of CFCs associated with the production of refrigeration units is an example of a negative externality. 4. The Kyoto Protocol banned the use of CFCs. 5. CFC allowance trading was an integral part of achieving the objectives of the Montreal Protocol.