Someone who turns down an opportunity to purchase a Bible for $5 and then immediately pays $5 to attend a movie thereby expects to obtain more satisfaction from seeing the movie than from

According to the text, which of the following consequences could we predict most confidently if the federal government was effectively required, by a constitutional amendment,

to match expenditures and tax revenues (balance the budget) in each fiscal year? A) An end to discretionary fiscal policy B) An end to efforts to manipulate the economy for partisan political purposes C) Frequent and sudden changes in previously legislated tax rates and expenditure commitments D) Less unemployment but more inflation

One of the limitation of Five Forces is that they

a. Reduce producer surplus b. For one firm to increase profit, the profit of another participant must decrease c. Does not provide a firm with sustainable competitive advantage d. Both b and c