The economic way of thinking stresses that
a. greed is the primary motivation for human action.
b. as the benefits of an option increase, people will be more likely to choose that option.
c. an objective value can be attached to physical goods.
d. as the cost of an option decreases, people will be less likely to choose that option.
B
Economics
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The production function shows that potential GDP increases when the
A) price level rises. B) price level falls. C) inflation rate falls. D) quantity of labor employed increases. E) the wage rate falls.
Economics
In swap transactions, the trader is interested in
A) the difference between spot and forward rates. B) only the spot rate. C) only the forward rate. D) both the spot and deposit interest rate.
Economics