Consumers express self—interest when they:
A) reduce business losses.
B) collect economic pro?ts.
C) search for jobs with the highest wage,
D) seek the lowest price for the product.
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Which of the following played a role in depressing aggregate demand in 2001?
a. the end of a stock-market bubble b. corporate accounting scandals c. the terrorist attacks on September 11 of that year d. All of the above are correct.
If the public has rational expectations,
A) the only effective policy would be one that is implemented by surprise. B) if the public incorrectly anticipates a given policy, there could be adverse results. C) if policymakers do not do what they say they are going to do, then there could be adverse results. D) a, b, and c E) none of the above
When people try to benefit from a public good without paying for it, we call it the:
A. free-rider problem. B. duopolists' dilemma. C. public goods problem. D. taxation problem.
Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 100 and that it is 150 in country B.) What part of domestic output in country B is the total wage bill before and after the immigration?
A. $1,700M before and $2,250M after
B. $2,250M before and $1,700M after
C. $1,500M before and $2,250M after
D. $1,700M before and $1,500M after