Interest is to saver as
A) interest is to debtor.
B) profit is to entrepreneur.
C) tuition is to student.
D) commission is to committee.
B
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Based on Scenario 6.1 above, value added in the United States is
A) $500. B) $600. C) $400. D) $300. E) None of the above.
The potential for profit-increasing false advertising is greatest for which of the following goods?
A) disposable diapers B) a refrigerator C) laundry detergent D) spray window cleaner
People consistently consider sunk costs when weighing the trade-offs involved in a decision because:
A. they are rational. B. they are utility-maximizers. C. they think at the margin. D. they find it hard to accept their losses.
In 2009, the official poverty level for a family of four was approximately
a. $1,000 b. $5,193 c. $22,000 d. $24,000 e. $33,062