Suppose a professor gives up her teaching job to devote her time to writing textbooks. If the salaries of professors rise, her
a. accounting profit will rise
b. accounting profit will fall
c. explicit costs will rise
d. economic profit from textbooks will fall
e. economic profit from textbooks will rise
D
Economics
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Critics of supply-side economics argue that
a. tax cuts do not affect supply, only demand. b. supply-siders exaggerate the effects of tax cuts. c. incentives have no effect on behavior. d. the goals of supply-siders are not supported by most economists.
Economics
The _______________ theory of learning proposes that human behavior is the result of the arrangement of particular stimuli in the environment.
a. Humanism. b Behaviorism. c. Cognitivism. d. Constructivism.
Economics