In an economy in with no income taxes or imports, the multiplier equals
A) .
B) .
C) .
D) .
E) .
C
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Refer to Figure 1-1. Using the information in the figure above, calculate the percentage change in sales of alcoholic beverages between 2013 and 2016
A) 23.1% B) 23.8% C) 30% D) 42.9%
Puerta Vallarta International Airport is near the coast. At night planes take off and land from the west, over the water. During the day planes approach and leave from the east, over Puerta Vallarta neighborhoods. Night flights into and out of Puerta Vallarta are more dangerous than day flights. Which rights are in conflict in this situation?
a. residents' right to enjoy the ocean and their right to peace and quiet b. residents' right to enjoy the ocean and air passengers' right to enjoy the ocean c. residents' right to peace and quiet and air passengers' right to safety d. residents' right to peace and quiet and safety e. air passengers' right to safety and convenience
If the CPI in City A is 150 and the CPI in City B is 135,
a. the dollar has greater purchasing power in City B. b. prices are higher in City A than they are in City B. c. City B must be using a different base year. d. None of these.
Assume a monopolistically competitive firm is producing at an output level at which marginal revenue is $15 and marginal cost is $18. The profit-maximizing firm should
A. raise output. B. lower output. C. keep output constant. D. The firm should take none of these actions.