Which of the following statements is correct?
What will be an ideal response?
A change in quantity demanded is a movement along the demand curve, and a change in demand is a shift of the demand curve.
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Fill in the blank: Your authors claim ________ has been the rule rather than the exception through almost all of human history
A) price stability B) poverty C) disinflation D) wealth
Compared to those in low-income countries, the residents of countries with high per person incomes nearly always
a. live longer. b. have a lower illiteracy rate. c. have a lower infant mortality rate. d. all of the above.
Markets for pollution rights:
a. have never been tried in the United States
b. assign property rights to those who value them least
c. allow the government to assign property rights
d. enable those who value them most to pollute
e. are less efficient than pollution standards
A risk-neutral individual will make investment decisions purely based on net present value because
A) she doesn't care about utility. B) utility is a linear function of wealth. C) she loves to take risk. D) net present value is always more than expected utility.