JD suggests that neoclassical (or free market) economics and the hedonistic interpretation of the the conventional view of work share a similar notion of ____.

a. society
b. work
c. happiness
d. cooperation
e. authority

Answer: c. happiness

Business

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In many nonprofit situations the consumer is not charged a tangible price yet must absorb time costs, embarrassment costs, or effort costs. What are these costs?

a. the organization's retained earnings b. the organization's financial costs c. the organization's liquidity fees d. the organization's nonfinancial prices

Business

Which of the following is NOT true of FM radio from about the close of WWII and for the next 30 years or so?

A) confined to non-commercial stations B) Sound quality was beneath clarity provided by AM radio stations. C) confined to classical stations D) had few listeners E) very little, if any, advertising revenue

Business