Refer to Table 19-20. Given the following information, calculate the rate of increase in the price level from 2015 to 2016
A) 8.6% B) 7.9% C) -7.9% D) -8.6%
A
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The decision to go to graduate school is a rational one for a college student if the
A) cost is not too great. B) marginal cost exceeds the marginal benefit of graduate school. C) marginal benefit of graduate school exceeds the marginal cost. D) opportunity cost of graduate school equals zero. E) student carefully compared the social benefits of this decision.
If Big Dogs, a hot dog producer, purchases delivery trucks to deliver their hot dogs to local grocery stores, this is an example of ________.
A) outsourcing B) forward integration C) backward integration D) divestiture
Which of the following would cause an increase in quantity of wheat supplied?
A. The price firms pay for liability insurance falls. B. New, better technology for farming is introduced. C. The price farmers receive for their wheat rises. D. The price of fertilizer farmers use in their fields falls.
To pay back Social Security loans, Congress could do all of the following except
A. Reduce spending on non-Social Security programs. B. Increase budget deficits. C. Sell fewer U.S. Treasury bonds. D. Raise future taxes.