_______________is a type of cost-benefit decision making that compares the extra benefits to the extra cost of an action.
Fill in the blank(s) with the appropriate word(s).
Ans: marginal analysis
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Which of the following statements is false?
A) Another term for a Treasury bill is a T-bill. B) Treasury notes mature in 2 to 10 years. C) Treasury bonds are considered very safe investments, but Treasury bills are considered to be a more risky investment. D) It is unlikely the federal government will default on its bond obligations.
How much of each dollar spent by a consumer ultimately becomes income to someone else?
A. more than one dollar B. It depends on how much labor was needed to produce the good that the consumer buys. C. one dollar D. It depends on how much the cost there is in the distribution channel that delivers the good from the manufacturer to the consumer.