Use the economic way of thinking to answer the following question: Does a diabetic need insulin?
A) No
B) Yes, and therefore diabetics will always buy all what they need.
C) Probably, but diabetics often find substitutes for insulin in the real world.
D) Probably, but diabetics only care about the expected cost of insulin and ignore the expected benefits.
C
Economics
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Discouraged workers who want jobs but have stopped looking for jobs are:
A. frictionally unemployed. B. unemployed due to structural unemployment. C. no longer in the labour force. D. helped by minimum-wage legislation.
Economics
In 2008, $1.00 U.S. bought 8.24 Chinese Yuan and in 2010, it bought 6.64 Chinese Yuan. Therefore, 1.00 Chinese Yuan was worth _____ U.S. in 2008 and _____ U.S. in 2010
a. $0.12; $0.15 b. $1.20; $1.5 c. $0.82; $0.66 d. $0.15; $1.1
Economics