Your cellular phone contract is due for renewal and the company offers you a new free phone. Since you want to use your new phone, you decide to recycle your old phone. Your action
a. Creates wealth by moving the phone from lower value use to higher value use
b. Destroys wealth since you lose your phone
c. Creates wealth by making you feel richer
d. All of the above
a
You might also like to view...
An important source of structural unemployment is
A) recessions. B) people looking for the right job decide to change jobs. C) unemployment insurance benefits. D) seasonal variations in aggregate demand.
Trends in economic growth of South Korea have been significantly different from the trends in economic growth of North Korea. This is primarily because
A) North Korea has inclusive institutions while South Korea has extractive institutions. B) quality of agricultural land is better in North Korea than in South Korea. C) quality of agricultural land is better in South Korea than in North Korea. D) South Korea has inclusive institutions while North Korea has extractive institutions.
The slope of the budget line, faced by an investor deciding what percentage of her portfolio to place in a risky asset, increases when the
A) standard deviation of the portfolio gets smaller. B) standard deviation of the risky asset gets larger. C) rate of return on the risk-free asset gets larger. D) rate of return on the risky asset gets larger. E) rate of return on money gets larger.
Only long-run changes in output can be brought about by unexpected change in policy
a. True b. False Indicate whether the statement is true or false