The table to the right shows Keira's utility from soup and sandwiches. The price of soup is $2 per cup and the price of a sandwich is $3. Keira has $18 to spend on these two goods. What is Keira's marginal utility per dollar spent on the third cup of soup?

A strategy that identifies the causal effects of a policy or factor by looking at two samples that lie on either side of a threshold or cutoff is called intention to treat.

Answer the following statement true (T) or false (F)

A new area of economics studies situations in which people appear to be making choices that do not appear to be economically rational. This area is called

A) irrational economics. B) social economics. C) behavioral economics. D) new wave economics.

The GDP tends to:

a) overstate economic welfare because it does not include certain nonmarket activities such as the productive work of housewives. b) understate economic welfare because it includes expenditures undertaken to offset or correct pollution. c) understate economic welfare because it does not take into account increases in leisure. d) overstate economic welfare because it does not reflect improvements in product quality.

A reserve requirement of 10 percent implies a potential money deposit expansion multiplier of

A) 5. B) 10. C) 20. D) 100.