Which of the following is a transfer payment? I. Social Security II. Unemployment benefits
A) I only
B) II only
C) Both I and II
D) Neither I nor II
C
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In one week Alice can produce 5 pairs of shoes or 4 bookshelves while Roger can produce 10 pairs of shoes or 6 bookshelves. Alice should specialize in the production of
A) shoes. B) bookshelves. C) either shoes or bookshelves. D) neither shoes nor bookshelves.
The interest rate for primary credit is usually set ________ basis points ________ the federal funds rate. In March 2008, this gap was changed to ________ basis points
A) 50; below; 100 B) 100; above; 25 C) 100; below; 50 D) 50; above; 25
Exhibit: Utility) Total utility is maximized at the _______ unit.
a. first b. second c. fourth d. sixth Units 0 1 2 3 4 5 6 7 Total Utility 0 20 35 45 50 50 45 35 Reference: Ref 7-1
Refer to Figure 1-1. Using the information in the figure above, calculate the percentage change in sales of alcoholic beverages between 2013 and 2015
A) 23.8% B) 40% C) 42.9% D) 73.3%