Georgia has an MU/P of 10 for tennis lessons, an MU/P of 6 for sewing lessons, and a MU/P of 2 for cooking lessons. In order to maximize utility, she should
a. take more cooking lessons
b. take more sewing lessons
c. take more tennis lessons
d. stay with her current choices
e. take fewer lessons of each choice
C
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Which types of unemployment still occur even when the economy is considered to be operating at full employment?
What will be an ideal response?
In sequential games,
a. Players take turns and observe their rivals choices before they make their choices b. Players take turns but don't observe their rivals choices before they make their choices c. Players move at the same time d. None of the above
When there is a positive cross-price elasticity of demand between two goods,
a. they are independent goods b. they are complementary goods c. they are substitute goods d. they are normal goods e. the income elasticity of demand is positive
Which of the following is an earmarked tax?
a. personal income tax b. property tax c. Social Security tax d. excise tax e. custom duty