A marginal change is a small incremental adjustment to an existing plan of action
a. True
b. False
Indicate whether the statement is true or false
True
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Martha used to pay for her expenses with her own hard-earned money. She always tried to spend as little as she could. However, she started spending more when she received a scholarship . This behavior is an example of ________
A) moral hazard B) a pecuniary externality C) the free-rider problem D) the paradox of thrift
If national saving (S) is $100,000, net taxes (T) equal $100,000 and government expenditure (G) is $25,000, how much are households and businesses saving?
A) $25,000 B) $225,000 C) -$25,000 D) none of the above
If the effluent limitations are insufficient for a body of water
a. that body of water is considered “water quality limited” b. more stringent controls are required c. that water body becomes subject to total maximum daily loads (TMDLs) d. all of the above e. (a) and (b) only
The total return on a share of stock is
A. the original price of the stock, divided by the change in the stock price. B. the total of dividends over a year, divided by the change in the stock price. C. the change in the stock price, plus the dividend, divided by the original price. D. the total of dividends plus the change in the stock price over a year.