Refer to the accompanying table. Corey's opportunity cost of delivering of a pizza is making: Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. 6 pizzas.
B. 1/2 of a pizza.
C. 2 pizzas.
D. 12 pizzas.
Answer: C
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At age 40, Joe is considering quitting his job and going back for a college degree. He needs two more years full-time. Tuition is $10,000 per year. He earns $30,000 per year. A college degree would raise his annual income by $10,000 per year
He will retire at age 70. Which of the following makes it more likely that Joe will decide to go back to college full-time? A) The rate of interest increases. B) The rate of interest decreases. C) The government enacts mandatory retirement at age 60. D) Tuition increases.
If the inflation rate is decreasing while unemployment is increasing: a. the short-run Phillips curve must have shifted right
b. the short-run Phillips curve must have shifted left. c. it must have involved a movement along the short-run Phillips curve d. it would be inconsistent with any possible Phillips curve scenario.
Refer to the above figure. The figure gives the payoff matrix for two individuals who are being accused of robbing a bank together. If Bob confesses, what is the best strategy for Harry?
A. Confess. B. Don't confess. C. Flip a coin to decide what to do. D. There is no best strategy.
Increases in the real interest rate will result in a(n):
A. decrease in net exports because it will lead to a depreciation of the dollar. B. increase in net exports because it will lead to an appreciation of the dollar. C. decrease in net exports because it will lead to an appreciation of the dollar. D. increase in net exports because it will lead to a depreciation of the dollar.