Refer to the table. Between years 1 and 2, real GDP per capita grew by approximately __________ percent in Alta.
A. 3
B. 4
C. 5
D. 10
B. 4
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Which of the following is not a basic assumption underlying the theory of consumer behavior?
A) Consumers prefer more to less. B) Consumer preferences depend on the amounts of goods they consume as well as the amounts being consumed by other consumers. C) Goods are continuously divisible, that is, consumers can always purchase one more or one less unit of a good. D) Consumers have well-behaved preferences, that is, preference orderings are complete.
Compared to bondholders, stockholders
a. face higher risk and have the potential for higher returns. b. face higher risk but receive a fixed payment. c. face lower risk and have the potential for higher returns. d. face lower risk but receive a fixed payment.
During the past 15 years, the increased use of _______ ________, ________ ________, and __________ ___________ the velocity of money has tripled the United States since the 1950's.
Fill in the blank(s) with the appropriate word(s).
If a firm has constant returns to scale, the long-run cost curve will be downward-sloping.
Answer the following statement true (T) or false (F)