A rational individual would rather receive $1,000 today than receive $1,100 in one year if the applicable nominal interest rate was 12%
a. True
b. False
Indicate whether the statement is true or false
True
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Jerry is studying three nights per week and his grade point average is 3.1. He wants a higher GPA and decides to study an extra night each week. His GPA now rises to 3.5
Had Jerry not decided to study an extra night, he would have spent this night with his friends. What is Jerry's marginal benefit from studying for one additional night a week? What is his marginal cost of increasing the study time by one night per week? Why does Jerry decide to study an extra night?
The world rate of population growth is closest to
(a) 1%. (b) 2%. (c) 3%. (d) 4%.
A positive externality exists when
A. a person's or group's actions cause a benefit that is felt by others. B. a person's or group's actions cause a cost that is felt by others. C. market output is less than socially optimal output. D. a and c E. b and c
Which of the following will shift the aggregate demand curve to the right?
A. The government reduces purchases to balance the budget. B. Consumers become more optimistic about the future. C. Foreign economies fall into recession, reducing their demand for domestic exports. D. Income taxes are raised.