How does marginal thinking explain the fact that creating safer products does not always have the expected favorable results? The safer you make something, ______.
a. the less desirable it will be to consumers
b. the lower the labor and capital costs
c. the more recklessly people will behave
d. the higher the opportunity costs will be
c. the more recklessly people will behave
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Assume the First Bank of Townsville makes a loan of $2,500. This loan will
A) increase the First Bank of Townville's liabilities at the Fed. B) have no change on the quantity of money, just its composition. C) increase the First Bank of Townville's reserves. D) increase the quantity of money initially by $2,500. E) decrease the quantity of money initially by $2,500.
A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15, $14, $13, $12, $11, $10, $9, $8, $7, $6, $5 . Eleven sellers are also willing to sell at the same prices. How many transactions must the market maker make if he wants to maximize his profits?
a. 1 b. 2 c. 3 d. 4
Economists would predict that if salaries increased for engineers and decreased for MBAs, fewer people than before would go to graduate school in business and more than before would go in engineering, ceteris paribus
a. True b. False Indicate whether the statement is true or false
Gross private domestic investment does not include
a. spending on new houses b. spending to build up inventories c. unintended inventory investment d. spending on employee salaries e. spending for office supplies