A store is choosing between advertising a credit card fee or a discount for paying cash to its customers. People will care more about:
A. getting the discount rather than avoiding the fee.
B. avoiding the fee rather than getting the discount.
C. neither; since it's the same outcome, people won't care one way or another.
D. It is impossible to say without more information.
B. avoiding the fee rather than getting the discount.
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One impact of a rise in the dollar's value is that
A) imports become cheaper for the U.S. consumer. B) exports will increase sharply. C) U.S. goods will become cheaper overseas. D) U.S. goods are cheaper domestically.
Economic growth is represented by a: a. leftward shift of a production possibilities curve
b. rightward shift of the long-run aggregate supply curve (LRAS). c. horizontal long-run aggregate supply curve (LRAS). d. downward shift of an aggregate production function.
Quantitative easing involves policies that are designed to:
A. directly increase the money supply by a certain amount. B. indirectly increase the money supply by decreasing interest rates. C. directly increase aggregate demand through increased government spending. D. indirectly increase aggregate demand through decreased taxes.
The accompanying table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities. Number of EmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The President of State U decides to hire fundraising employees as long as their average benefit exceeds their average cost. This results in ________ employees being hired and a net benefit (total donations minus total labor costs) of ________.
A. 5; $67,080 B. 5; $17,080 C. 4; $22,000 D. 4; $60,000