Consumers who do not consistently discount the future over time are likely to ________
A) under-report their taxable income
B) be unprepared financially for retirement
C) opt in to employer-sponsored savings plans
D) make excessive sacrifices on behalf of their children
B
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Use the following graph for a market to answer the question below.
Which of the following would best explain why the shift in demand from D1 to D2 would cause price to rise from P1 to P2?
A. After the shift in the demand, there would be a surplus at price P2. B. After the shift in the demand, there would be a shortage at price P1. C. After the shift in the demand, there would be a surplus at price P1. D. After the shift in the demand, there would be a shortage at price P2.
When demand increases,
A) consumers are willing to buy more at any price. B) consumers buy more of the good only if its price falls. C) the price is lower at any level of quantity demanded. D) consumers buy more of the good only if its price rises. E) the demand curve shifts leftward.
According to William Baumol, many corporate managers engage in empire-building
Indicate whether the statement is true or false
Which of the following would hold true for all oligopolies?
A. Oligopolies sell a differentiated product B. Oligopolies sell a large share of the market C. Oligopolies face a horizontal demand curve D. Oligopolies sell a product for which there are no close substitutes