Suggested donations on fundraising items sent to you in the mail is an example of:
A. loss aversion.
B. positive framing.
C. anchoring.
D. rule of thumb.
C. anchoring.
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The reason that some people make more money than others is explained mainly by
A. training and education. B. intelligence. C. inborn skills or physical attributes. D. all of the choices/statements are true.
What is the marginal product of labor?
a. units of output added by a worker b. average variable cost of one unit of output c. revenue added by adding a worker d. price of output minus cost of input
The two parts of the Keynesian consumption function are consumption that depends on ________ and consumption that depends on ________.
A. planned spending; unplanned spending B. real income; nominal income C. money; wealth D. disposable income; factors other than disposable income
Compensation sent back to family in the home country by recent emigrants is known as
A. transaction costs. B. remittances. C. outsourcing. D. capital flight.