Hardee's announces "buy one get one free" breakfast sandwiches. This is an example of:
A. hoarding scarce resources.
B. the use of incentives.
C. a macroeconomic decision.
D. how people assess the health benefit of fast food breakfast.
Answer: B
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The purchase of a foreign asset by a U.S. resident is a
A) surplus item on the financial account. B) deficit item on the current account. C) deficit item on the financial account. D) surplus item on the current account.
Relative to the Keynesians, the supply-side economists
a. place more emphasis on the importance on the level of investment than on the level of income. b. place more emphasis on the after-tax rate of return as a determinant of investment. c. are more concerned with government budget deficits. d. All of the above
In the demand and supply analysis of ___________ markets, the “price” is the rate of return or the interest rate received.
a. financial b. retail c. industrial d. agricultural
Which of the following would increase in response to a decrease in the price of ironing boards?
a. the quantity of irons demanded at each possible price of irons b. the equilibrium quantity of irons c. the equilibrium price of irons d. All of the above are correct.