Use the following cumulative investment schedule to answer the next question. Expected Rate of ReturnCumulative Amount of Investment (in billions)22%$11020150161801021052952380According to the cumulative investment table above,
A. $40 billion worth of investments have expected rates of return between 20% and 22%.
B. $150 billion worth of investments have expected rates of return of 20% or lower.
C. $260 billion worth of investments have expected rates of return higher than 20%.
D. $150 billion worth of investments have expected rates of return exactly equal to 20%.
Answer: A
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Economic bads are items
A) for which the produced quantity is less than the amount desired at a positive price. B) for which the desired quantity is less than what nature provides at a zero price. C) that individuals desire but which receive social disapproval. D) that receive social approval but which governments dislike.
If a nonbinding price ceiling is imposed on a market, then the a. quantity sold in the market will decrease
b. quantity sold in the market will stay the same. c. price in the market will increase. d. price in the market will decrease.