A highly charitable person, such as Mother Theresa, will be influenced by
a. changes in benefits, but not costs.
b. changes in costs, but not benefits.
c. both changes in benefits and costs.
d. neither changes in benefits nor costs.
c. both changes in benefits and costs.
You might also like to view...
Starting at full employment, a business cycle can be described by the following sequence: ________ equilibrium, ________ equilibrium, ________ equilibrium
A) full-employment; below full-employment; above full-employment B) below full-employment; full-employment; above full-employment C) above full-employment; below full-employment; full-employment D) below full-employment; full-employment; below full-employment
Your U.S.-based company is selling parts to a company in Bangladesh. If the Bangladeshi company purchases a futures contract
A) the Bangladeshi company bears the exchange rate risk. B) your company bears the exchange rate risk. C) the companies share in the exchange rate risk. D) there is no exchange rate risk.
The typical economic life cycle illustrates how people tend to
a. borrow more when they are younger and save more when they are middle-aged. b. earn their peak incomes immediately prior to the typical retirement age of 65. c. adjust their consumption based on changes in their transitory income. d. All of the above are correct.
In the short run, an unexpected increase in the inflation rate leads to.
A) A higher unemployment rate. B) A decrease in aggregate demand. C) A lower unemployment rate. D) Workers thinking the money wage rate has fallen.