Intertemporal decisions are
a. decisions in one period of time.
b. decisions over time.
c. decisions made without thinking about time.
d. decisions involving infinity.
b. decisions over time.
You might also like to view...
Which of the following is an example of roundabout production?
a. Paul pays Ringo to wash his car. b. A church has a bake sale to raise money for a new narthex. c. Jane saves her money to buy a stereo. d. Robinson Crusoe makes a fish net to help him catch more fish per day. e. Business owners in Minneapolis buy blocks of Minnesota Twins baseball tickets to help guarantee that the team will stay in town.
An advance in technology results in:
a. suppliers offering a larger quantity than before at each given price. b. suppliers offering the same quantity as before at a lower price. c. a rightward shift of the supply curve. d. an increase in supply. e. all of these.
If a consumer is maximizing utility and then the price of Good A increases: a. the marginal utility from the consumption of Good A will fall
b. the marginal utility from the consumption of Good A will remain unchanged. c. the marginal utility per dollar spent on Good A will decrease. d. consumption of Good A will increase.
Which of the following is likely to occur when there is a substantial increase in the market demand for coffee? a. The wages of workers employed in coffee plantations will fall
b. The price of 10-gram coffee sachets will decrease. c. The demand curve for coffee plantation workers will shift to the right. d. The demand curve for coffee plantation workers will become horizontal.