Purchasing a smart phone data plan, premium movie channels, and University of Alabama football season tickets results in you having to drop your health insurance plan. This can be described as:
A. home field advantage
B. a trade-off
C. irrational decision making
D. healthy living
B. a trade-off
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On which of these bonds is the prospect of default most likely?
a. a junk bond b. a municipal bond c. a U.S. government bond d. a corporate bond issued by Proctor & Gamble Corporation
Colorado experiences a record snowfall during the winter season. What impact will this have on the market for snowmobiles?
a. The supply of snowmobiles will increase and the price of snowmobiles will fall. b. The demand curve for snowmobiles will decrease and the price of snowmobiles will fall. c. The supply of snowmobiles will increase and the price of snowmobiles will increase. d. The demand curve for snowmobiles will increase and the price of snowmobiles will rise.
Very few people in Kyle’s country have more than a sixth-grade education. In contrast, 80 percent of the people in Carmen’s country have at least a high school diploma. Based on this information, which statement about these two countries is most likely true?
a. Carmen’s country has limited physical capital. b. Carmen’s country has a higher rate of economic growth than Kyle’s country. c. Kyle’s country has a higher birthrate than Carmen’s country. d. Carmen’s country has higher per capita output than Kyle’s country.
Which of the following is the best example of a public good?
a. food stamps b. police services c. trash removal d. a restaurant meal e. an IPad