The worst and most difficult to extract resources are used first
a. True
b. False
Indicate whether the statement is true or false
False
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Why is the minimum of the average variable cost curve called the shutdown point?
What will be an ideal response?
What is the real GDP in year 1 using base year 2?
A) $418. B) $300. C) $360. D) $338.
A current concern about Social Security is that
A) funds set aside by past generations to pay benefits for future generations are growing too rapidly and may trigger inflation. B) promised benefit payouts are growing more rapidly than likely sources of revenues, indicating a future inability to keep the system operating. C) continued political bickering between the president and Congress could lead to an end to any funding of the program. D) the payroll taxes used to fund the program are being eliminated as part of an effort to generate employment increases, thus leaving the program bankrupt.
Financial securities that represent promises to repay a fixed amount of funds are known as
A) bonds. B) stocks. C) pension funds. D) insurance premiums.