According to the Cost-Benefit Principle, you should go see the latest Star Wars movie with your friends this week-end if:
A. the benefits of seeing the movie are greater than the costs of seeing the movie.
B. you have a free ticket.
C. you can afford to go to the movies.
D. you really like Star Wars.
Answer: A
Economics
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An individual having an unusually good year will be on his short-run consumption function at a point ________ his long-run consumption function, with an unusually ________ saving ratio
A) above, high B) above, low C) below, high D) below, low
Economics
Which of the following statement(s) is (are) false?
A) The current U.S. Secretary of Agriculture is Sonny Perdue. B) The U.S. economy represents a purely capitalistic system. C) The index most frequently used by economists to measure inflation is the CPI. D) Both B and C.
Economics