A rational choice is one that:
A. does not involve self-interested behavior.
B. allows individuals to reach their goals.
C. is usually optimized when decision makers are poorly informed about alternatives.
D. involves the use of strategic decision making in an effort to reach a goal.
Answer: B
You might also like to view...
If investment is interest-insensitive,
A) monetary policy has no impact on equilibrium income. B) monetary policy has no impact on the equilibrium interest rate. C) fiscal policy has no impact on equilibrium income. D) fiscal policy has no impact on the equilibrium interest rate.
A major difference between a tariff and a quota is that a tariff
a. will reduce imports, but a quota generally will not. b. can easily be rescinded, but a quota cannot. c. will reduce the ability of foreigners to obtain the purchasing power to buy a nation's export goods, but a quota will not affect the foreign demand for the nation's exports. d. typically generates tax revenue, while a quota does not.
The possibility of nonpayment is taken into account in the calculation of the present discounted value.
Answer the following statement true (T) or false (F)
Refer to Table 9-3. If the required reserve ratio is 10%, what is the value of the bank's required reserves?
A) $25 million B) $40 million C) $60 million D) $75 million