Among a set of alternatives with the same total costs, an individual is said to optimize if she chooses an alternative that has the:
A) highest total benefit.
B) highest risk.
C) lowest opportunity costs.
D) highest net costs.
A
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Refer to Figure 13.2. If Oliver's political views place him at the L4 position and George's political views place him at the C4 position,
Oliver will definitely receive at least ________ votes and George will definitely receive at least ________ votes. A) 4; 4 B) 4; 5 C) 5; 4 D) 5; 5
New York City, which has had a rent ceiling law for more than sixty years, has many abandoned apartment buildings throughout the city. Which of the following explains this?
A) Few workers with jobs in the city want to live in there because of pollution. B) No building permits for new apartment buildings have been issued for over fifty years. C) Once any building gets so old, it is abandoned. D) Landlords have no incentive to finance maintenance and remodeling of apartment buildings. E) Rent ceilings make the construction of new buildings so profitable that old buildings are simply abandoned.
When the interest rate is low
a. much capital is demanded and few resources are available for current consumption. b. much capital is demanded and many resources are available for current consumption. c. little capital is demanded and few resources are available for current consumption. d. little capital is demanded and many resources are available for current consumption.
Core CPI is a price index that only looks at the prices of food and energy and ignores the prices of all other goods and services
a. True b. False Indicate whether the statement is true or false