Economists are:
A) concerned with developing theories but not interested in solving problems.
B) interested in solving problems but not concerned with developing theories.
C) reluctant to predict changes in variables such as prices, employment, and spending.
D) not always in agreement on the best way to implement policy decisions.
Ans: D) not always in agreement on the best way to implement policy decisions.
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Jane contributes time and money for charity because she values helping others. This is an example of ________
A) pure altruism B) rationalism C) impure altruism D) liberalism
If an increase in the price of peanut butter causes a decline in the demand for jelly, then
a. the goods are substitutes b. jelly is an inferior good c. the goods are complements d. both goods are inelastic e. peanut butter is an inferior good