Optimization in differences analyzes:
A) the total net benefits of the alternative that looks the most attractive.
B) the change in the net benefits resulting from a shift from one alternative to another.
C) only the costs of an alternative and not the benefits.
D) the total net benefits of different alternatives.
B
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Which of the following statements about the velocity of money in the U.S. is correct? a. From 1915 to 1947, the velocity of M1 increased
b. From 1947 to 1973, the velocity of M1 decreased. c. The growth in the velocity of money was steady in the 1970s. d. The velocity of money has remained more or less stable post 1980s. e. ATM machines and credit cards have increased the velocity of money.
A good example of a monopolistic competitive industry is
A) the federal highway system. B) wheat farms in the United States. C) the country music industry. D) the four major textbook publishers together with nearly 90 percent of industry sales.