If you decide to go to a movie on a Friday night rather than write a letter to your grandmother, you
A) are willing to deprive your grandmother of a letter simply in order to enjoy a movie.
B) place more value on the movie than on your grandmother.
C) would rather have fun than fulfill your responsibilities to your relatives.
D) none of the above.
D
You might also like to view...
As a result of moving more decision making from the center toward the periphery of the organization, typically
a. the flow of information to the decision maker that is relevant to the decision should be enhanced b. the flow of information from the decision maker that is relevant to the decision should be enhanced c. the incentives to make good decisions should be strengthened d. the procedures for the flow of information that is relevant to the decision can be relaxed
A negative externality is a situation in which
A. a firm is paying in excess of the total costs of producing a good. B. a cost associated with an economic activity is borne by a third party. C. there is a spillover of benefits. D. None of these.
With the increased usage of cell phone services, what has happened to the price elasticity of demand for land-line telephone services?
A) The absolute value of the price elasticity coefficient has probably gone down. B) It has become more price inelastic. C) It has become more income elastic. D) It has become more price elastic.
How is dollarization different from monetary union?
What will be an ideal response?