A restaurant offers an "all you can eat" meal for $9 . Tyrone has eaten three servings and is trying to decide whether or not to go back for a fourth. The economic way of thinking suggests that Tyrone should go back for the fourth serving if and only if
a. his marginal benefit of the additional serving is greater than zero.
b. his marginal benefit of the additional serving is at least $3.
c. his marginal benefit of the additional serving is $9 or more.
d. his total value from the meal exceeds $9.
A
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An individual with a Ph.D. in physics who can find employment only in a pizza parlor would be considered: a. discouraged
b. underemployed. c. overemployed. d. voluntarily unemployed. e. long-term unemployed.
Adults who were waiting to be recalled to a job from which they had been laid off are included in the Bureau of Labor Statistics' "employed" category
a. True b. False Indicate whether the statement is true or false
Public saving is the ______.
a. amount of income households have left after consumption and taxes, plus transfer payments b. amount of income the government has left over after paying for its spending c. theory that government borrowing drives up the interest rate and lowers consumption d. practice of using corporate profits for capital investment rather than dividend payouts
If a person wanted to raise some capital and was unable to borrow it, they could either ________ or _________.
Fill in the blank(s) with the appropriate word(s).