Suppose that Jinelle, an engineer, has to choose between two jobs. Which of the following statements is true?
A) When deciding between both jobs, she should consider both wage and non-wage attributes of each job.
B) While deciding between jobs, she should focus only on the costs of each job and ignore the benefits.
C) While deciding between jobs, she should only focus on the benefits from each job and ignore the costs.
D) While deciding between jobs, she should consider the wage attributes and ignore the non-wage attributes of each job.
A
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A stock market crash which causes stock prices to fall should cause
A) an increase in wealth. B) an increase in consumption spending. C) no change in consumption spending. D) a decrease in consumption spending.
Which of the following is NOT a problem with excessive debt?
A) It worsens the central government's budget position by adding large debt service payments to other budget items. B) It reduces the quantity of resources available to invest in economic development. C) If debt service is substantial, schools, health clinics, roads, ports, other infrastructure, and social needs are less likely to be addressed. D) It can reduce the chance of a crisis.