Bill Gates wants billions of dollars, and has them. Buddha wanted nothing, and had nothing. What can an economist conclude?
A) Gates is wealthy, Buddha wasn't.
B) Buddha was wealthy, Gates isn't.
C) Gates is wealthy, and so was Buddha.
D) Nothing
C
Economics
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If the company plans to produce 5000 units of output, is using the competitor's technology a good idea?
a. Yes b. No c. It does not matter, at 5000 units you are indifferent between the two technologies d. None of the above
Economics
Which of the following is most likely to be a normal good?
a. trips to the laundromat b. macaroni-and-cheese dinners c. tickets to major league baseball games d. bus rides e. used paperback books
Economics