Your scholarship depends on your maintaining a 3.5 cumulative GPA. Your GPA for last semester was 3.6, which brought your cumulative GPA down. What must be true?
A. If this semester's grades are the same as last semester's, your overall GPA will stay the same.
B. Last semester's grades were lower than your overall GPA.
C. If this semester's grades are the same as last semester's, you might lose your scholarship.
D. Last semester's grades were higher than your overall GPA.
Answer: B
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Assume that an individual has to decide between a two-day vacation and a three-day vacation to the same place. If he uses optimization in differences, he will:
A) only think about the net benefits of the extra day. B) compare the total net benefits of both alternatives. C) choose the three-day vacation only if the costs incurred on the third day exceed the benefits he receives. D) spend more time to come to a decision than if he would have used optimization in levels.
What would be the impact of a minimum wage that is set below the equilibrium wage that would otherwise prevail in the labor market?
What will be an ideal response?
An example of a Pigovian tax would be a tax on:
A. income. B. cigarettes. C. corporate capital gains. D. All of these are examples.
Suppose a country had $3.5 billion of net exports and bought $6.8 billion of goods and services from foreign countries. This country would have
a. $10.3 billion of exports and $6.8 billion of imports. b. $10.3 billion of imports and $6.8 billion of exports. c. $6.8 billion of exports and $3.5 billion of imports. d. $6.8 billion of imports and $3.5 billion of exports.