Between 1921 and 1929 national output
A. declined slightly.
B. stayed about the same.
C. rose slightly.
D. rose by about 50%.
D. rose by about 50%.
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If the marginal cost of producing hair styling decreases, then the efficient quantity of hair stylings to produce ________
A) depends on the marginal benefit B) remains the same C) decreases D) increases
Critics of debt relief make all of the following arguments EXCEPT
A) it would be wasted money since the conditions that caused the debt would be likely to persist. B) countries with large foreign debts are poorly administered. C) debt relief can quickly fuel a new round of borrowing that simply restores debt to prior levels. D) debt relief will encourage other nations to borrow excessively with the hope that their debts may be forgiven in the future. E) the cost of debt relief to the most severely indebted countries is too large for the high income countries to afford.
You can either stand during a college football game or you can sit. You believe that you will see the game very well if you stand and others sit but that you will not be able to see at all if you sit and others stand. You therefore decide to stand.
A. ?equilibrium, because other fans may change their behavior. B. empiricism, because you believe you know what the other fans will do. C. optimization, because other fans are maximizing their? well-being. D. optimization, because you are choosing your best feasible option.
If the nominal interest rate is high and rising, a possible cause is
A. a rising inflation rate. B. a falling real interest rates. C. reduced government borrowing. D. increased lending activity.