Why is it easier to raise $1 million in voluntary contributions for medical research into a deadly disease like cancer than it is to raise the same amount for space exploration?
What will be an ideal response?
Many people will know someone who has died of the disease or will have heard a sad story about someone who died. This will give people a sense of civic or moral responsibility to help cure the disease. Space exploration is not likely to generate the same kind of response.
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The study of factors that contribute to the economic growth of a country is known as
A) savings economics. B) entrepreneurial economics. C) natural resource economics. D) development economics.
Which of the following would encourage economic growth through increases in the capital stock?
A) an increase in household saving B) a decrease in the government deficit C) a change from an income tax to a consumption tax D) all of the above
If you put $500 into a checking account, the immediate effect (do not consider the money multiplier which we will study in the next chapter) is:
a. M1 rises, M2 falls, and the monetary base remains the same. b. M1 falls, M2 falls, and the monetary base remains the same. c. M1 rises, M2 rises, and the monetary base remains the same. d. M1, M2, and the monetary base fall. e. M1, M2, and the monetary base remain the same.
When a monopolist sells the same product at different prices and the prices are related to cost differences, we have
A. price discrimination. B. monopoly pricing. C. marginal cost pricing. D. price differentiation.