Which of the following is an example of a disincentive?
A. Law enforcement creates a "Mug Shots" section online in order to discourage potential law breakers.
B. Your professor offers to edit your paper before it's graded if you turn it in early.
C. A local gym offers a weight loss competition and the winner earns a free trip to Bermuda.
D. You offer workers a bonus if they sell 100 widgets per month.
Answer: A
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The table shows Elaine's utility from pizza and Pepsi. If Elaine consumes 2 slices of pizza and 3 Pepsis, her marginal utility from the fourth Pepsi is ________ units
A) 60 B) 54 C) 40 D) 220
The ________ is the cost of paid by the producer plus any cost paid by everyone else when another unit of a good or service is produced
A) marginal external cost. B) marginal private cost. C) marginal social cost. D) None of the above answers is correct.
If something happens to alter the quantity demanded at any given price, then the demand curve shifts
a. True b. False Indicate whether the statement is true or false
Refer to the given data. If the unemployment rate in the economy fell to 6 percent, we could conclude that:
Answer the question on the basis of the following information for a specific year in a
hypothetical economy for which Okun's law is applicable:
A. only structural unemployment remained.
B. the economy's production possibilities curve shifted outward.
C. the economy had moved from a point inside its production possibilities curve to a point on or very near the curve.
D. nominal GDP would rise, but real GDP would fall.