A purely self-interested diner is more likely to tip:
A. whenever he can afford to.
B. always, to assure good service.
C. only when dining in a restaurant at which he often eats.
D. only when dining in a very up-scale restaurant.
Answer: C
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An increase in income causes the demand for inferior goods to_____________ and the price of inferior goods to ____________
a. Increase; increase b. Increase; decrease c. Decrease; increase d. Decrease, decrease
Answer the following statement(s) true (T) or false (F)
1. Married women generally earn less than married men. 2. Some employers discriminate to reduce information costs. 3. Poverty thresholds fail to account for inflation. 4. Poverty dropped during the 1960s. 5. In 2016, the highest poverty rate was among those aged 65 or older.
Advancements in information technology can be used to explain the
A. reductions in energy usage. B. increases in energy usage. C. productivity improvements in the United States. D. productivity slowdown of the early 2000s in the United States.
Foreign direct investment is any investment made in a country by residents outside that country.
Answer the following statement true (T) or false (F)