The original reasons for founding the colony of Georgia do not include:
a. alleviating London of some of its poorer people.
b. being a partial remedy to the injustice of debtor prisons.
c. providing a buffer between the English and Spanish colonies.
d. being a scheme to take advantage of desperate families.
d. being a scheme to take advantage of desperate families.
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Kevin is re-finishing an antique grandfather clock that he purchased at a flea market for $300. He expects to be able to sell the clock for $450
At the last minute, Kevin discovers that he needs to repair the gears at a cost of $175 to make the clock worth $450 to potential buyers. It turns out that he could also sell the clock now, without completing the additional repairs, for $250. What should Kevin do? A) He should sell the clock now for $250. B) He should keep the clock but not make the repairs since the original $300 is a sunk cost. C) He should complete the additional repairs and sell the clock for $450. D) He should keep the clock after making the repairs since it is not rational to spend a total of $475 on an item that can only be sold for $450. E) Kevin is indifferent between selling the clock as is or selling it after completing the repairs.
What determines the demand for labor, the supply of labor, and labor market equilibrium?
What will be an ideal response?
The slope of the supply of loanable funds is based on an increase in
a. only national saving when the interest rate rises. b. both national saving and net capital outflow when the interest rate rises. c. only national saving when the interest rate falls. d. both national saving and net capital outflow when the interest rate falls.
When the government raises revenue by printing money, it imposes an "inflation tax" because the:
A. real value of money holdings falls. B. interest rate falls. C. difference between nominal and real interest rates becomes smaller. D. nominal value of money holdings falls.