Selective attention refers to the ability to
a. focus on unimportant details.
b. keep all information out of memory.
c. consider all information that is available.
d. focus on elements of a problem and find solutions
Answer is d. focus on elements of a problem and find solutions
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The crowding-out effect is the tendency for
A) higher government budget deficits to increase total savings. B) lower private saving to decrease investment. C) higher government budget deficits to decrease investment. D) higher private savings to decrease government budget surpluses. E) lower private saving to increase the budget deficit.
When two U.S. firms announce a merger, and at least one of them meets the legal level of minimum sales, they must notify the:
a. Federal Trade Commission. b. Consumer Financial Protection Bureau. c. Better Business Bureau. d. Department of Commerce.
Which of the following illustrates that at any point in time, a fully employed economy must sacrifice some amount of one good to obtain more of another good?
a. A budget line b. Macroeconomics c. Marginal analysis d. A production possibilities table e. A budget constraint
Refer to the information provided in Figure 4.4 below to answer the question(s) that follow.
Figure 4.4Refer to Figure 4.4. The price of oil in the United States would be $125 per barrel, and the United States would import 6 million barrels of oil per day if the United States levies ________ per barrel tariff on imported oil.
A. no B. a $25 C. a $50 D. a $100