If exchange rates are floating, a contractionary monetary policy in the United States will cause the dollar to ________ relative to other currencies and cause net capital outflows to ________

When the government hires people to serve in the army, these people are no longer available to do other work. This choice illustrates the concept of

A) an incentive. B) a social interest/private interest conflict. C) opportunity cost. D) marginal benefit.

Suppose Jenny's marginal utility of fish is 40 and her marginal utility from chips is 20. The price of fish is $10 and the price of chips is $1. What should Jenny do to maximize her utility? Explain your answer

What will be an ideal response?