Refer to Figure 5-16. How much is Bree willing to pay per street light to have 4 street lights installed?
A) $1,500 B) $1,800 C) $2,700 D) $7,200
B
Economics
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A market in which resources are traded is known as a(n)
a. factor market b. perfectly competitive market c. open market d. closed market e. equilibrium market
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If in some year nominal GDP was $20 billion and the GDP deflator was 50, what was real GDP?
a. $2.5 billion. b. $10 billion. c. $40 billion. d. $100 billion.
Economics