Macroeconomic theory can be helpful to business managers, because:
a. It is like a crystal ball showing the future.
b. It can reduce the odds of making bad decisions and increase the odds of making goods ones.
c. It shows how the future is rather predictable, and by using these tools, countless riches can be made.
d. It has been shown to be a highly accurate way of forecasting economic activity.
e. All of the above.
.B
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If Fred's marginal utility of pizza equals 10 and his marginal utility of salad equals 2, then
A) he would give up 5 pizzas to get the next salad. B) he would give up 5 salads to get the next pizza. C) he will eat five times as much pizza as salad. D) he will eat five times as much salad as pizza.
Economists believe that the goal of environmental policy should be zero pollution
a. True b. False Indicate whether the statement is true or false
An investment in an economy's human and physical capital results in an increase in the: a. supply of money
b. inflation rate in the economy. c. gross domestic product of the economy. d. level of foreign reserves in the economy.
Which of the following statements is INCORRECT?
a. The Oil Pollution Act (OPA) was enacted in response to the BP Deepwater Horizon spill. b. The Ocean Dumping Act ends dumping of sewage sludge and industrial waste. c. The Great Lakes Legacy Act provides federal funding to address contamination of the Great Lakes d. Included in the Water Quality Act of 1987 were requirements for states to establish nonpoint source pollution program