A five-cent deposit on soda bottles
A. provides a negative incentive because it punishes people who do not recycle.
B. provides a positive incentive because it rewards people for recycling.
C. is an irrational policy, because it adds to the prices of soda.
D. is an irrational policy, because it fails to take into account self-interest.
Answer: B
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When economists are trying to explain the world, they are
a. scientists. b. policy advisers. c. in the realm of microeconomics rather than macroeconomics. d. in the realm of normative economics rather than positive economics.
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What will be an ideal response?
In the article on China holding $4 trillion in dollars, for every dollar it holds in reserves, it prints
A. 6.5 fewer yuan for the domestic money supply. B. 10 additional yuan for the domestic money supply. C. 10 fewer yuan for the domestic money supply. D. 6.5 additional yuan for the domestic money supply.
Table 17.1Refer to Table 17.1. The marginal product of the fourth unit of labor is:
A. 40. B. 50. C. 52.5. D. 210.