People make decisions every day that reflect a finite (as opposed to infinite) valuation of their own lives.
Answer the following statement true (T) or false (F)
True
People do make choices, such as risking their lives to drive on a highway, that implicitly places a value on their lives.
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In 2000, there were around _____ charter schools in the United States
a. 1,000 b. 5,000 c. 10,000 d. 20,000
To increase the money supply, the Fed can
a. buy government bonds or increase the discount rate. b. buy government bonds or decrease the discount rate. c. sell government bonds or increase the discount rate. d. sell government bonds or decrease the discount rate.
Demand for healthy kidneys is high in both India in Nepal. But it is also illegal to buy or sell organs. Despite the legal and social disapproval, there is an illegal market for organs. Assuming the legal and social disapproval does not influence buyers but discourages sellers from offering organs, the disapproval will:
A. lower price but raise quantity. B. lower price and lower quantity. C. raise price and raise quantity. D. raise price but lower quantity.
Discuss the effects of an unexpected decrease in the inflation rate policy on unemployment in the short run. If the reduction in inflation is permanent, what happens in the long run?
What will be an ideal response?