Ed Sike is tired of working as a special events manager at the college. He quits his price-searcher job to devote himself to studying full time. Ed Sike is now
A) a price taker.
B) a price giver.
C) unemployed.
D) no longer employed.
E) All of the above.
D
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An increased federal budget deficit resulting from a recession can actually help stabilize an economy through transfer payments because an increased budget deficit will ________ transfer payments and thereby ________ the income of some households
A) increase; increase B) decrease; decrease C) increase; decrease D) decrease; increase
According to the above figure, the average propensity to save (APS) is zero at point
A) D. B) F. C) I. D) J.
An editorial in the paper argues that a person only should be allowed to attend school if the marginal cost of educating that person is less than the marginal benefit of educating that person. The writer's reasoning is an application of:
A. positive economics. B. normative economics. C. negative economics. D. economic naturalism.
Generally speaking, central banks in developing economies are:
A. more independent from political pressures than central banks in developed economies. B. less independent from political pressures than central banks in developed economies. C. about as independent from political pressures as central banks in developed countries. D. completely independent from political pressures.