Infrastructure, such as public works and public services, is also referred to as
A. social capital.
B. human capital.
C. tangible capital.
D. intangible capital.
Answer: A
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The following are all final goods EXCEPT
A) flour used by the baker to make cupcakes. B) bread eaten by a family for lunch. C) pencils used by a 6th grader in class. D) Nike shoes used by a basketball player. E) a computer used by Intel to design new computer chips.
In the scenario above, as a result of increased advertising, Talbot's economic profit
A) decreases by $500. B) increases by $170. C) increases by $750. D) decreases by $100.
If it costs $2,000 to pick up the litter along a highway, then the cost of the externality is:
a. $0. b. more than $0, but less than $2,000. c. $2,000. d. more than $2,000, but finite. e. infinite.
In 1979, under the ERM, the member countries were pegged to the ECU, with a ______ band of fluctuation allowed.
A) 2.5% B) 2.25% C) 1% D) 10%