According to the text, if diamonds represent a form of conspicuous consumption, then
A. they should be taxed.
B. they should be outlawed.
C. they should be given for free.
D. they should be subsidized.
Answer: A
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Congress has not provided for greater transitional assistance to recipients leaving welfare
Indicate whether the statement is true or false
A "false positive" is
a. When you incorrectly conclude that your hypothesis is true b. When you incorrectly conclude that your hypothesis is false c. When you correctly conclude that your hypothesis is true d. When you correctly conclude that your hypothesis is false
The main reason barter is extremely inefficient is that:
A. you have to find someone who both has what you want and wants what you have. B. it can have very high transactions costs associated with it. C. people and firms have to spend a lot of time looking for mutually agreeable trades. D. All of these are true.
To maximize net benefits in the table, it is most appropriate to use:Control variableTotal BenefitsTotal CostsNet BenefitsMarginal BenefitMarginal CostMarginal Net BenefitQB(Q)C(Q)N(Q)MB(Q)MC(Q)MNB(Q)0000---190010080090010080021,700300C80020060032,4006001,800700E4004A1,0002,00060040020053,5001,5002,000500500F63,9002,1001,800D600-20074,2002,8001,400300700-40084,400B800200800-60094,5004,5000100900-800104,5005,500-1,00001,000-1,000
A. five units of the control variable, since net marginal benefits are zero. B. four units of the control variable, since the marginal benefit exceeds marginal cost. C. six units of the control variable, since the marginal cost exceeds marginal benefit. D. None of the statements associated with this question are correct.