Suppose you are given a $100 gift card and you choose to spend it on a number of goods. You will select a combination of goods that is best for you and that maximizes your satisfaction. In other words, your choices will account for the effects of:
a. marginal benefits and marginal costs of each good considered
b. attainable and unattainable combinations of the goods under consideration
c. the available supply of each good considered
d. scarce resources in the production of each good consideration
a. marginal benefits and marginal costs of each good considered
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Which of the following is a macroeconomic topic?
A) Why did production and jobs expand slowly in 2011? B) General Motors decides what prices to set for their new models. C) The federal government's decision to spend more on environmental protection D) The effect of floods in agricultural areas on the price and quantity of wheat E) The county government's decision to increase the sales tax for your county
On ________, October 19, 1987, the stock market experienced its worst one-day drop in its entire history with the DJIA falling by 22%
A) "Terrible Tuesday" B) "Woeful Wednesday" C) "Freaky Friday" D) "Black Monday"
Which of the following is the least liquid asset?
a. checkable deposits. b. savings-type deposits. c. traveler's checks. d. demand deposits. e. cash.
Using the rule of 70, if the GDP per capita growth rate in the United States is 4.4 percent, real GDP per capita doubles every:
A. 6.72 years. B. 15.91 years. C. 44 years. D. 65.6 years.