Other things equal, ethanol made from corn becomes economically viable (as or less costly than using oil) when oil prices reach _____ or more per barrel
A. $60
B. $80
C. $100
D. $120
Answer: A
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If the federal government had not bailed out the large financial institutions during the financial crisis of 2008-2009, the negative wealth effect would likely have been larger.
Answer the following statement true (T) or false (F)
The supply curve with the greatest elasticity is one with slope of:
A. 1. B. 2. C. 1/2. D. It is impossible to say.
Suppose an economy has no income taxes or imports. If the MPC is 0.75, what does the expenditure multiplier equal?
What will be an ideal response?
Tests used to rate the performance of rules developed in technical analysis conclude that technical analysis
A) outperforms the overall market. B) far outperforms the overall market, suggesting that stockbrokers provide valuable services. C) does not outperform the overall market. D) does not outperform the overall market, suggesting that stockbrokers do not provide services of any value.