People behave rationally when they
A. make decisions they think will make themselves better off.
B. follow the advice of government leaders.
C. make decisions with a focus only on financial outcomes.
D. never have regrets about their decisions.
Answer: A
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In the United States between the 1970s and the 2000s, the productivity of labor increased. This increase led to
A) an increase in the demand for labor. B) no change in either the demand for or the supply of labor. C) a decrease in the supply of labor. D) a downward shift of the production function. E) an increase in the supply of labor.
The Swiss National Bank established the practice of targeting monetary aggregates in ________
A) 1929 B) 1975 C) 2001 D) 2008
The average benefit of n units of an activity is the:
A. total benefit of n units divided by n. B. extra benefit from carrying out one additional unit of the activity. C. n times the total benefit of n units. D. n divided by the total benefit of n units.
Alan Garcia
A) in his first Presidency in Peru, followed free market economic policies. B) nationalized the property of the financial services sector during his first Presidency. C) was never freely elected in Peru and ruled with the support of the military. D) maintained balanced budgets and helped Peru avoid the economic problems most Latin American nations were experiencing in the 1980s.