Cost-benefit analysis is just a guide to making a normative decision
a. True b. False
a
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A mobile phone is a
a. private good. b. club good. c. common resource. d. public good.
A health club requires six-months advanced payment. A commuter railroad offers discounted monthly tickets. What do they clearly have in common?
A) They are earning profits. B) They are selling short. C) They are exploiting customers. D) They are facing financial problems.
Which of the following is NOT considered to be a goal of monetary policy?
A) fair wages B) high employment C) economic growth D) price stability
In New York City, apartment rent can be adjusted only when a tenant leaves. This leads
A) people to change apartments often. B) landlords to encourage tenants to stay in their apartments. C) tenants to stay in apartments longer than they would otherwise. D) businesses to build new rental units.