Children who play in playgrounds with rubber surfaces instead of gravel surfaces tend to
a. Play safer
b. Play rougher
c. Not change their play patterns
d. Not like playing in the playground
b
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A benefit that accrues to people other than the buyer of a good is known as ________ benefit
A) an internal B) an external C) a marginal D) a total E) a subsidized
According to the above table, what is the absolute price elasticity of demand if price falls from $8.00 to $7.50?
A) 4.00 B) 2.82 C) 1.80 D) 1.21
PriceQuantity Demanded$510$420$330$240$150Refer to the table above. Starting at a $5 price, at what price range does demand become inelastic?
A. $3-4 B. $2-3 C. $1-2 D. $4-5
Recall the Application about how Greek citizens began to hold large amounts of cash in 2015 to answer the following question(s). According to this Application, the main concern of Greek residents was that:
A. hyperinflation could occur in the economy. B. banks would convert their accounts to drachmas and they would suffer financial losses. C. the country would switch to a gold standard. D. the Prime Minister of Greece would be impeached.