If cable TV service and satellite TV service are substitutes,
What will be an ideal response?
a decrease in the price of cable will decrease the demand for satellite TV.
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At Revolution Doughnuts in Fort Collins, Colorado, a cup of coffee or a doughnut is $1. Suppose Hannah loves going to Revolution Doughnuts
Currently, her marginal utility per dollar from doughnuts is 14 and her marginal utility per dollar from coffee is 10. Is Hannah maximizing her total utility? A) No, she needs to buy more doughnuts and less coffee. B) No, she needs to buy more coffee and fewer doughnuts. C) Yes, she is maximizing utility. D) No, she needs to buy fewer doughnuts and less coffee.
A five-cent deposit on beer bottles
A) provides a positive incentive because it rewards people for recycling. B) provides a negative incentive because it punishes people who do not recycle. C) is an irrational policy, because it fails to take into account incentives. D) is an irrational policy, because it fails to take into account self-interest.
Which of the following statements is correct?
a) The Federal Reserve's actions are subject to executive branch control. b) Politically controlled banks are better at fighting inflation than independent central banks. c) The Federal Reserve is considered to be an independent central bank. d) The Federal Reserve System is not subject to Congressional oversight.
The benefit of saving some American jobs in specific industries protected from foreign competition
A. has fallen in recent years. B. is much less than the costs to the whole American economy. C. is much greater than the costs to the whole American economy. D. has risen in recent years.