Economics is the study of how people make
A. subjective judgments.
B. life easy.
C. choices.
D. money.
Answer: C
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"The level of employment in an economy determines its real GDP, other things held constant." Do you agree or disagree? Why? What assumptions are necessary for your conclusion based on the classical model?
What will be an ideal response?
Which of the following is the best example of an item that a "real world" savings account is designed to cover?
A) the monthly payment for the lease of your apartment B) the purchase of the gasoline you use driving back and forth to work C) an unexpected expenditure to repair the transmission of your car D) funds you are setting aside for your retirement years
Answer the next question on the basis of the following data.OutputTotal Cost0$24133241348454561669The marginal cost associated with the production of the third unit of output is
A. $7. B. $12. C. $8. D. $6.
In 2011, the top 1 percent of all taxpayers in the United States paid what percent of the federal income tax?
A. 20 percent B. 23.4 percent C. 35 percent D. 29 percent