Based on the table above, the cost of the base period market basket in 2013 is
A) $3,300.
B) $4,885.
C) $4,650.
D) $3,885.
E) None of the above answers is correct.
A
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Free entry and exit of firms is a characteristic of:
A. all industries in the U. S. economy. B. centralized economies. C. industries in which firms are earning positive economic profit. D. perfectly competitive industries.
In practice
A) changes in national price levels often tell us relatively little about exchange rate movements. B) changes in national price levels raise the exchange rate. C) changes in national price levels lower the exchange rate. D) changes in national price levels often tell us about exchange rate movements. E) changes in national price levels match identical changes in the exchange rate.
Public choice theory indicates that representative government yields outcomes more consistent with economic efficiency when a close relationship exists between the benefits received and the costs borne by each voter. Which of the following methods of financing a government program will most likely result in a close relationship between voter benefits and costs?
a. progressive income tax b. retail sales tax c. property tax d. user charges
The idea behind clustering is that each part of a network is ________ productive operating in isolation, so if governments can push each element of the cluster in unison, they should realize ________ in productivity.
A. far less; huge gains B. far less; huge losses C. far more; huge gains D. far more; huge losses