Miniville is an isolated town located on the southern shore of Lake Condescending, a very large lake. The western edge of Miniville is adjacent to impassable mountains and there are no towns or businesses for many miles to the east. The 300 residents of Miniville are evenly distributed along 3 miles of shoreline on the lake, east of the mountains. Lake Shore Drive, the only street in town, provides access to Miniville's homes and businesses. All residents live between the lake and the street; businesses locate on the other side of the street. Lake Shore Drive is 3 miles long, and the points labeled A, B, and C are 1, 2, and 3 miles from the western end of Lake Shore Drive, respectively. All residents of Miniville shop at the store located closest to their homes.

src="https://sciemce.com/media/4/ppg__1420829190927__f1q532g1.jpg" alt="" style="vertical-align: 0.0px;" height="96" width="382" />Because all residents of Miniville shop at the store located closest to their homes, the optimal location for the first store to open in Miniville is:

A. at the western end of Lake Shore Drive.
B. Point A.
C. Point C.
D. there is no single optimal location for the first store.

---

Answer: D

Economics

Which of the following statements is true?

a. Foreigners owned $16.30 in U.S. assets b. U.S. residents owned $13.8 trillion in foreign assets c. U.S. residents owned $2.5 trillion more assets in the United States than foreigners owned abroad d. Foreign purchases of assets in the U.S. subtract from America's productive capacity e. Income from foreign-owned assets in the U.S. flows to Americans

When governments provide information to unemployed people about which professions are experiencing rising demand for labor, they are trying to minimize the effects of which kind of unemployment?

A. Frictional unemployment B. Structural unemployment C. Seasonal unemployment D. Cyclical unemployment

When the rate of interest in the economy increases

A. the market price of existing bonds will fall. B. the transaction demand for money will increase. C. the asset demand for money will increase. D. real Gross Domestic Product (GDP) will increase.

Answer the following statements true (T) or false (F)

1) The 12 Federal Reserve Banks are governmentally owned but privately controlled. 2) The U.S. Treasury is the only agency authorized to put money into circulation in the U.S. economy. 3) Thrifts are known as "banker's banks" because they lend money to commercial banks. 4) As of March 2009, the federal government and the Federal Reserve had spent $170 billion to keep AIG financially afloat. 5) Subprime mortgage loans are so named because the rates charged are below the prime interest rate.