In Spain, people are considered organ donors unless the explicitly indicate they do not want to be. In the United States, people are only considered organ donors if they explicitly indicate they wish to be. Behavioral economics would suggest that
A) everything else equal, the opt-in system of Spain would generate more organ donors as a percentage of the adult population.
B) everything else equal, the opt-in system of the United States would generate more organ donors as a percentage of the adult population.
C) everything else equal, the opt-out system of Spain would generate more organ donors as a percentage of the adult population.
D) everything else equal, the opt-out system of the United States would generate more organ donors as a percentage of the adult population.
A
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The above table shows data on two variables. If these data were graphed, the slope of the line would be
A) 3/5. B) 3. C) 5/3. D) impossible to determine from the information given.
If the government undertakes expansionary fiscal policy, it might:
A. increase income taxes. B. decrease income taxes. C. decrease government spending. D. increase corporate income taxes.
The extra benefit resulting from a small increase in an activity is called the:
A. opportunity cost. B. marginal benefit. C. marginal cost. D. diminishing returns of the activity.
In the above figure, along which range would total revenue remain unchanged by raising prices?
A. between point c and point d B. between point a and point b C. between point d and point e D. below point e and above point a.