A budget will
A) improve your credit standing so you can use borrowing to increase your current consumption.
B) All of the above.
C) help you focus on those expenditures that you value highly relative to cost.
D) make it more attractive for you to buy a car every couple of years.
C) help you focus on those expenditures that you value highly relative to cost.
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The introduction of satellite television systems would cause the demand curve for cable television to be
A) more elastic. B) less elastic. C) perfectly inelastic. D) unchanged.
Refer to Scenario 5.8. Given that the two outcomes are equally likely, Icarus Airlines' expected profit under complete information would be
A) $40 million. B) $90 million. C) $115 million. D) $120 million. E) $125 million.
Transfer payments are included in which category under the expenditure approach to GDP accounting?
a. consumption b. government purchases c. net exports d. Transfer payments are not directly included in GDP calculations.
A command-and-control policy is one in which:
A. the government commands each firm to produce no more than a certain level of pollution. B. the government controls the firm's advertising policy. C. the government forces the firm to use particular pollution-control technologies. D. Both the government commands each firm to produce no more than a certain level of pollution and the government forces the firm to use particular pollution-control technologies are correct answers.