Neoclassical economics assumes the following as major motivators of decisions and actions, except:
A. Utility maximization
B. Loss minimization
C. Sense of fairness
D. Self-interest
C. Sense of fairness
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A Job Creation through Entrepreneurship Act, debated in the House of Representatives in 2009, would award grants to small business owners, some of which would be aimed at women, Native Americans, and veter-ans
The Act would provide $189 million in 2010 and $531 million between 2010 and 2014 . Explain how you would expect this Act to influence what, how, and for whom goods and services are produced in the United States.
To decrease supplier power, the firm can
a. Increase rivalry among its suppliers b. Buy from multiple suppliers c. Both A&B d. None of the above
An increase in the excise tax on alcohol
a. will have no effect on alcohol consumption. b. will generate minimal tax revenues for the federal government. c. coupled with a uniform drinking age nationwide would save lives. d. will generate substantial revenues is demand is elastic. e. all of the above.
In the ________ zone, movement in AD to the right will increase both the output level and the price level, while a movement in AD to the left would decrease both the output level and the price level.
a. Keynesian b. neoclassical c. intermediate d. equilibrium