Which of the following is the kind of decision that can be made at the margin:
a) whether or not to hire new workers
b) whether or not to go on a vacation
c) whether or not to build an extra room on a home
d) whether to have a dog or a cat as a pet
Ans: a) whether or not to hire new workers
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If prices increase rapidly
A) money's usefulness as a store of value is diminished. B) money increases in value. C) deflation is likely. D) prices will decline to their normal level.
Business plan competitions at universities are simply the culmination of an academic exercise.
Answer the following statement(s) true (T) or false (F)
Tax credits are more beneficial to taxpayers than _____
a. exemptions b. deductions c. expenditures d. a and b e. a and c
The price elasticity of demand is measured by the
A) percentage change in quantity demanded divided by the percentage change in price. B) percentage change in price divided by the percentage change in quantity demanded. C) change in quantity demanded divided by the change in price. D) change in price divided by the change in quantity demanded.