The reference base period that the BLS uses to measure the CPI is
A) 1998-2000. B) 2005. C) 1967-1969. D) 1982-1984. E) 1993-1995.
D
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A student has a chance to see Katy Perry in concert. The student also has a major economics exam the next day. If the student goes to the concert,
A. attending the concert may impact her grade on the economics exam. B. one opportunity cost of attending the concert is the time that could have been used to study. C. this decision involves a trade-off. D. All of the responses are correct.
The unregulated, single-price monopolist illustrated in the figure above makes an economic profit of
A) zero. B) $8.00 per day. C) $10.00 per day. D) $40.00 per day.
Refer to Figure 14-2. Now suppose that the government delays Xenophone's entry and Gigacom moves first, what is the likely outcome in the market?
A) Both offer DSL internet service; Xenophone earns a profit of $8 million and Gigacom earns a profit of $7 million. B) Xenophone offers internet service via cable line and earns a profit of $4 million while Gigacom offers DSL internet service and earns a profit of $4.5 million. C) Xenophone offers DSL internet service and earns a profit of $5 million while Gigacom offer internet service via cable line and earns a profit of $6.5 million. D) Both offer internet service via cable line; Xenophone earns a profit of $6 million and Gigacom earns a profit of $9 million.
Which of the following is NOT part of the European Union?
A) Luxembourg B) Austria C) Portugal D) Greece E) Switzerland