In the United States in 2016, the percentage of people with some form of health insurance was about
A) 10%.
B) 36%.
C) 55%.
D) 91%.
Answer: D
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Consider a wine maker who has put her wine in bottles. The question is whether to store the wine for a marginal cost of $1 per year or to sell the wine today at a price of $10
If the interest rate is 6%, how much must the price of the wine increase in the next year to justify storing it? A) $1.66 B) $1.27 C) $0.72 D) $0.45
Economists believe it is feasible and desirable to reduce environmental damage to zero
a. True b. False Indicate whether the statement is true or false
The value of a loan of $50,000 after a year at 2 percent interest is:
A. $49,000. B. $1,000. C. $52,000. D. None of these is true.
The formula for elasticity of demand (in words) is
A. the change in quantity divided by the change in price. B. the percentage change in quantity divided by the percentage change in price. C. the percentage change in price divided by the percentage change in quantity. D. the change in price divided by the change in quantity.