The consumer's optimal choice is the one in which the marginal utility per dollar spent on good X is
a. equal to the marginal utility per dollar saved on good X.
b. greater than the marginal utility per dollar spent on good Y.
c. equal to the marginal utility per dollar spent on good Y.
d. less than the marginal utility per dollar spent on good Y.
c
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Results of research conducted regarding the Moving to Opportunity program found that the program had little effect on opening up employment opportunities
Indicate whether the statement is true or false
If airports decide to compensate people who suffer from airplane noise because their homes are under the runway approaches, to whom should they offer monetary payments? The people who
A) actually live in affected residences. B) are bothered by the noise but themselves never travel on commercial airlines. C) both own affected residences and live in them. D) either own affected residences or live in them. E) own affected residences whether or not they live in them.
If John says the price of gasoline is too high and Paul says prices are determined by the action of the marketplace, then John has made a(n):
a. positive economic statement, and Paul has made a normative economic statement b. positive economic statement, and Paul has made a positive economic statement c. normative economic statement, and Paul has made a normative economic statement d. normative economic statement, and Paul has made a positive economic statement e. improper economic statement, and Paul has made a proper economic statement
One example of labor-market discrimination is that firms may be less likely to interview job-market candidates whose names suggest that they are members of a racial minority
a. True b. False Indicate whether the statement is true or false