If Jin-Ho buys a personal computer to maintain household financial records and prepare budgets, he
a. will spend less time in nonmarket work
b. will spend more time engaged in leisure activities
c. will increase the productivity of market work
d. is less likely to hire tax preparation services on the market
e. is less likely to prepare his own income tax returns at home
D
You might also like to view...
Which of following is a key assumption of a perfectly competitive market?
A) Firms can influence market price. B) Commodities have few sellers. C) It is difficult for new sellers to enter the market. D) Each seller has a very small share of the market. E) none of the above
________ refers to the time needed to identify a macroeconomic problem and assess its seriousness
a. Decision-making lag b. Implementation lag c. Recognition lag d. Effectiveness lag
Which of the diagrams illustrate(s) the effect of a decline in the price of personal computers on the market for software?
A. A only.
B. A and D.
C. B only.
D. D only.
Expansionary fiscal policy involves
A) decreasing the money supply and increasing interest rates. B) increasing taxes or decreasing government purchases. C) increasing the money supply and decreasing interest rates. D) increasing government purchases or decreasing taxes.