If a particular choice that an individual faces gives him a benefit of $20 but costs $30, the net benefit from making this choice equals:
A) $20.
B) $10.
C) -$10.
D) -$30.
C
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Richard Baldwin's estimate was that the euro increased the trade level of its users by
A) only 5 percent. B) only 9 percent. C) over 30 percent. D) over 50 percent. E) only 12 percent.
The Fed responds to money demand shocks by
a. changing the velocity of money b. changing the money supply c. following the money creation rules responsible for its success in the past two decades d. increasing the required reserve ratio e. changing its definition of the natural rate of unemployment
Projecting that it might temporarily fall short of legally required reserves in the coming days, the Bank of Beano decides to borrow money from its regional Federal Reserve Bank. The interest rate on the loan is called the ________.
A. Treasury bill rate B. discount rate C. federal funds rate D. prime rate
Performance compensation that is tied to outcomes out of the employees' control will provide employees with the incentive to work hard.
Answer the following statement true (T) or false (F)