Refer to Scenario 17.4. If there is no flood insurance and no flood control system is in place, the expected loss from a flood is
A) $5,000.
B) $10,000.
C) $100,000.
D) $200,000.
E) $1,000,000.
B
Economics
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If Toby buys two goods and the prices of both goods increase by 50%
A) the budget constraint will be unchanged. B) the slope of the budget constraint stay the same. C) the slope of the budget constraint will decrease. D) the budget constraint will shift outward in a parallel fashion.
Economics
In the short run, a change in the equilibrium price will
A) always lead to inflation. B) cause a shift in the demand curve. C) cause a shift in the supply curve. D) cause a change in the quantity demanded or supplied.
Economics