A decision or a choice that is made after using optimization analysis:
A) has zero opportunity cost.
B) is not necessarily risk free.
C) is the same for all individuals.
D) cannot be justified using normative analysis.
B
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Jill and Daniel graduate from college in the same year in economics and physics respectively and start looking for jobs. They are competitors in the job market
Indicate whether the statement is true or false
The demand for the Franconian franc in the foreign exchange market equals 14,000 - 3,000e and the supply of francs in the foreign exchange market equals 2,000 + 2,000e, where e is the nominal exchange rate expressed in U.S. dollars per franc. If the franc is fixed at 3 U.S. dollars per franc, then to maintain this fixed rate Franconia's international reserves must:
A. decrease by 3,000 francs per period. B. decrease by 9,000 francs per period. C. increase by 9,000 francs per period. D. increase by 3,000 francs per period.
In January 2013 certain tax rates increased, which were predicted to increase the federal government's tax revenue. An increase in tax revenue __________ the government's budget deficit and over time thereby __________ the amount of government debt.
a) increases; decreases b) decreases; decreases c) decreases; increases d) increases; increases
Which of the following statements about featherbedding is correct?
A. It could increase production costs, resulting in higher prices for products. B. The quantity of labor demanded by firms could actually decrease. C. It could lead to a lower wage and smaller employment in the long run. D. All of these