According to behavioral economists, giving to charity:
A. contradicts the view that people are narrowly self-interested.
B. appears unselfish but in fact is driven by self-interest.
C. results from an ability to accurately calculate benefits and costs.
D. is done solely to receive the utility from public recognition.
Answer: A
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An increase in bond prices is usually accompanied by
A. an increase in the opportunity cost of holding money. B. an increase in the quantity demanded of money C. a decrease in the quantity demanded of money. D. an increase in interest rates.
In the above figure, point B depicts
A) an inflationary gap with real GDP in excess of potential GDP. B) an inflationary gap with real GDP less than potential GDP. C) a recessionary gap with real GDP in excess of potential GDP. D) a recessionary gap with real GDP less than potential GDP.
The action time lag is the time period that elapses
A) between when an economic problem manifests itself and it is officially acknowledged. B) between the recognition of an economic problem and implementing policies to solve it. C) between implementing policies to solve an economic problem and when the results of that policy can be measured. D) between the beginning of the budgetary process and the final budget resolution.
A problem with official U.S. poverty data is that they
a. omit the rural poor b. do not account for inflation c. omit in-kind transfers such as food stamps d. do not reflect changes in the cost of living e. omit dividends and interest