One example of thinking at the margin is:
a) determining whether it is better to spend your savings on a new CD player or on a television
b) deciding whether the benefit of working two extra hours per day is worth the sacrifice of study time
c) putting all your money in a savings account because the interest rates are so high
d) deciding to buy a car you don't really like because it is significantly less expensive than the one you want
Answer: b) deciding whether the benefit of working two extra hours per day is worth the sacrifice of study time
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In the 1950s
A. more women were unemployed than underemployed. B. more women were underemployed than unemployed. C. about the same number of women were unemployed as underemployed.
Lowering the required reserve ratio raises the simple deposit multiplier
Indicate whether the statement is true or false
Compared with a normal monopolist, an effective price-discriminating monopolist produces a:
A. smaller output at a lower profit. B. smaller output but at a larger profit. C. larger output but at a lower profit. D. larger output at a larger profit.
Which of the following is a possible benefit of labor unions?
A. It may facilitate a smooth relationship between labor and management. B. It may provide workers an intermediary to discuss job issues with managers. C. It may lead to an increase in productivity. D. All of these