The absolute price of a good is its
A. projected price.
B. subjective price.
C. relative price.
D. money price.
Answer: D
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Which of the following is TRUE?
A) MPC + MPS = 1 B) MPC * MPS = 1 C) MPC - MPS = 1 D) MPC / MPS = 1
The WTO replaced the GATT in
A) 1900. B) 1945. C) 1960. D) 1995.
One of the consequences of allowing wages to fall in the United States has been growing wage inequality
a. True b. False Indicate whether the statement is true or false
Suppose Congress passes a law that states that the federal government will pay $100 to any American citizen who can pass a (reasonably simple) current political events test. It follows that
A) this raises the benefits of being rationally ignorant. B) this raises the benefits of becoming informed and therefore will lower the degree of rational ignorance in society. C) this raises the costs of being rationally ignorant. D) b and c E) none of the above