The amount of exercise that one gets is an important factor in the determination of his general state of health. This is best described as
A. an example of marginalism.
B. a positive statement.
C. an example of the fallacy of logic.
D. a normative statement.
Answer: B
Economics
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An open peg might be an option for some nations that desire to:
A) close off capital inflows and outflows and fix currency rates. B) allow the free flow of capital and fix currency rates. C) allow the free flow of capital with flexible currency rates. D) close off capital inflows and outflows with flexible currency rates.
Economics
As more people started using smart phones, the number of smart phone applications available rose, increasing the smart phone's value to those who already owned one. This is an example of a(n) ________
A) pecuniary externality B) network externality C) moral hazard D) adverse selection
Economics