The basic principles of economics are Select one:
a. Important only to professional economists.
b. Always complex.
c. Necessarily abstract.
d. Reflective of common sense.
d. Reflective of common sense.
Economics
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A national taco chain offers in-house customers free refills on drinks. It is clearly
A) attempting to increase its total profit. B) generating a negative externality. C) generating a positive externality. D) engaging in predatory pricing. E) doing none of the above.
Economics
Which of the following items is NOT part of government expenditure on goods and services in the GDP accounts?
A) gasoline purchases for government car pools B) Social Security expenditures C) new computer hardware for use by the IRS D) drapes to brighten up the president's office
Economics