To compare the costs of a college education, a wise student, when choosing between an expensive school with a high-expected income and a less expensive school with a lower-expected income would use the concept of
A. present value.
B. actual costs and benefits.
C. plausible deniability.
D. enumerated costs and benefits.
Answer: A
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Does globalization promote economic growth, and how does globalization affect the welfare of a given country's citizens?
What will be an ideal response?
If the marginal utility Ida Mae receives from eating chicken wings is negative then
A) her total utility from eating chicken wings has fallen. B) Ida Mae definitely does not like chicken wings. C) her total utility has risen, but by less from the last chicken wing than from the next to last chicken wing. D) her total utility from eating chicken wings is negative as well.
Capital losses are:
A. the destruction of plant and equipment. B. decreases in the flow of investment. C. decreases in the value of existing assets. D. decreases in the flow of saving.
In which case will the government collect more tax revenue?
A. 5% tax rate and $200,000 average income B. 10% tax rate and $120,000 average income C. 50% tax rate and $50,000 average income D. 70% tax rate and $20,000 average income