Choosing to study for an exam until the extra benefit (e.g., improved score) equals the extra cost (e.g., the value of foregone activities) is:
A. an application of the Scarcity Principle.
B. not an economic choice.
C. not rational because it ignores the importance of total benefits and total costs.
D. an application of the Cost-Benefit Principle.
Answer: D
Economics
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If speculators believe a currency is soon going to be revalued, they will increase their demand for that currency
Indicate whether the statement is true or false
Economics
On a bank's balance sheet, assets are
A) the uses of acquired funds. B) the sources of acquired funds. C) those items owed by the bank to depositors and others. D) by definition equal to the bank's liabilities.
Economics