Refer to Scenario 15.1. In terms of this year's dollars, this "Fifty Million Dollar" contract is worth approximately
A) $45.4 million.
B) $37.9 million.
C) $10 million.
D) $9.4 million.
E) $7.5 million.
B
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Use the following table to answer the next question.YearReal GDPPopulation2008$20,000200200940,000400201060,000400201170,000500Real GDP per capita ________ between 2008 and 2009.
A. remains constant B. increases C. decreases D. cannot be calculated
One of the most significant developments in labor supply in recent times is the increase in the labor force participation of married women.
Answer the following statement true (T) or false (F)
If a firm is earning a normal profit, but zero economic profit, at the point where MR = MC, the firm should
a. shut down b. increase output and decrease price c. increase output and increase price d. decrease output and increase price e. remain at its current level of output
The immediate impetus for the establishment of the Federal Reserve System came from
A. severe outbreaks of inflation in the early 1900s. B. four severe banking panics between 1873 and 1907. C. the discovery of gold in Alaska. D. the desire to copy the founding of the Bank of England.