Doctors find that one aspirin per day reduces the risk of heart attacks. Demand for aspirin will
A) increase, so that equilibrium price and equilibrium quantity will increase.
B) decrease, so that equilibrium price and equilibrium quantity will increase.
C) increase, so that equilibrium price will decrease and equilibrium quantity will increase.
D) increase, but the new equilibrium price and quantity are indeterminate.
A
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Which of the following is not an example of a compensating differential?
a. paying workers who do dull, boring work higher wages than workers who do fun, interesting work, all else equal b. paying workers who work on the night shift higher wages than workers who work the day shift, all else equal c. paying workers who do more dangerous work higher wages than workers who do less dangerous work, all else equal d. paying workers with PhDs higher wages than workers with BAs, all else equal
In the reservoir analogy of stock and flow for the economy:
A. Gross investment is an outflow and depreciation is an inflow B. The stock of capital is an outflow and depreciation is an inflow C. Net investment is an inflow and the stock of capital is an outflow D. Gross investment is an inflow and depreciation is an outflow