According to cost-benefit analysis, a government project should be undertaken as long as the
A. Voters approve the project.
B. Opportunity costs exceed the welfare benefits.
C. Benefits exceed the opportunity costs.
D. Benefits equal the costs.
Answer: C
Economics
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If a nation's nominal GDP is $40 billion, its money supply is $8 billion, and its price level is 1.25, then the velocity of money is
A) 2.0. B) 0.2. C) 6.25. D) 5.0.
Economics
To cut costs in the face of declining demand and increased competition, many fast food restaurants have focused on reducing:
A) labor costs. B) utility costs. C) paper napkin costs. D) none of the above.
Economics