The theory of consumer choice examines
a. the determination of output in competitive markets.
b. the tradeoffs inherent in decisions made by consumers.
c. how consumers select inputs into manufacturing production processes.
d. the determination of prices in competitive markets.
b
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Incorporating the Phillips curve into the aggregate supply curve
a. lengthens the horizontal segment and shortens the vertical b. lengthens the vertical segment and shortens the horizontal c. creates an upward-sloping segment after the vertical and before the horizontal segments d. creates an upward-sloping segment after the horizontal and before the vertical segments e. creates a downward-sloping segment after the horizontal and before the vertical segments
A person who is willing to bear more risk will buy
A) common stock. B) preferred stock. C) bonds. D) government bonds.
All of the following are exempted from antitrust laws EXCEPT
A) labor unions. B) Microsoft Windows. C) professional baseball. D) hospitals.
Which of the following nations was the world's largest exporter in 2012?
A. Germany B. The United States C. Japan D. China