In 2013, the U.S. federal government spent approximately ___________ trillion
A) $4.9
B) $7.3
C) $3.7
D) $2.1
C
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If a meteorologist discovers a new warming pattern is developing, and the new pattern will create a much larger-than-expected soybean harvest, she should ________ soybean futures
Other things constant, she is more likely to profit from her decision when ________ people are aware of the warming pattern and its consequences. A) buy; fewer B) sell; fewer C) sell; more D) buy; more
Which of the following statements regarding historical costs is correct?
A) Historical costs represent what the firm paid for an input when it was purchased, adjusted for inflation. B) Historical costs vary depending on the method of depreciation a firm uses. C) Historical costs are a good indicator of the current opportunity cost of a piece of capital. D) Using historical costs can cause true economic profit to be under or over stated.
One method firms can use to solve the duopolists' dilemma is to engage in:
A. predatory pricing. B. tying contracting. C. marginal cost pricing. D. low-price guarantees.
An example of a public good is:
A. national defense. B. a hamburger. C. a laundromat. D. a personal computer.