The total willingness to pay for public restrooms in a city is given in the table below:
Number of Restrooms Total willingness to pay
1 $208,000
2 $199,000
3 $150,000
4 $85,000
If the marginal cost of building a public restroom is $208,000, how many restrooms will be built?
A) 1
B) 2
C) 3
D) 4
A
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A country has a current account deficit of -$100 billion. This implies that ________
A) payments to foreigners exceed payments received from foreigners B) its exports exceed its imports by $100 billion C) net factor payments from abroad is positive D) net transfers from abroad is positive
According to Congressional Budget Office (CBO) projections:
A. budget deficits are expected to give way to surpluses by the year 2017. B. Social Security will become insolvent by 2017. C. expiration of tax cuts in 2015 will cause the budget deficit to rise to record highs by 2017. D. budget deficits are expected to remain large for the next several years.