One reason mainstream economists see the world differently than do noneconomists is that economists tend to stress the importance:
A. that incentives have on choices.
B. of fairness.
C. of the limited competence of individuals to know what is good for themselves.
D. of power and how it leads to exploitation.
Answer: A
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The spectacular growth in international banking can be explained by
A) the rapid growth in international trade. B) the 1988 Basel Agreement. C) the collapse of the Bretton Woods system. D) the creation of the World Trade Organization.
A "near money" is an asset that can be
a. indistinguishable from commodity money. b. spent easily. c. a close substitute for money. d. only issued by a bank.
A college student decides to spend the afternoon watching three movies rented from Red Box. The cost of each movie is $1. The student was willing to pay $4 to rent each of the first two movies and $2 to rent the third movie. What was the marginal benefit received by the student when renting the 1st movie?
A. $4 B. $8 C. $1 D. $2
A Nov Soybean call has a strike price of $11.50. The underlying November futures price is $12.00. The intrinsic value is
A. -$0.50/bu B. $0.00/bu C. $1.00/bu D. $0.50/bu