In calculating the benefit-cost ratio, social benefits and costs are discounted at the
a. internal rate of return
b. federal funds rate
c. Treasury Bill rate
d. long-term government bond rate
e. none of the above
e
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Elasticity measures the
A) percentage change in a variable. B) slope of a curve. C) change in a variable. D) responsiveness of a variable to a change in another variable.
The United States Mint is the only legal entity to produce circulating coinage for the United States. Michael Jackson's estate owns the copyrights to many of the Beatles songs
Xcel Energy is a public utility company who is the sole provider of electricity and natural gas in some states such as Colorado, New Mexico and Minnesota. Which of these entities, if any, is a natural monopoly? A) United States Mint B) Xcel Energy C) Michael Jackson's estate D) None of these are natural monopolies.
A system of economic organization in which the ownership and control of productive capital assets rests with the state and in which resources are allocated through central planning and political decision making is called
What will be an ideal response?
From 1980 to 2012, the female-male wage ratio in the United States
A. increased modestly from 0.5 in 1980 to almost 0.6 in 2012. B. fell steadily from about 1.0 in 1980 to 0.5 in 2012. C. increased substantially from 0.4 in 1980 to just under 0.7 in 2012. D. increased substantially from 0.6 in 1980 to almost 0.8 in 2012. E. held constant at about 0.7.