Economists believe that most people act to increase their expected ______.
a. personal satisfaction
b. personal income
c. power
d. control
a. personal satisfaction
You might also like to view...
Federal job training programs
A. help provide job market skills to those in poverty. B. have been overwhelmingly effective in helping those in poverty. C. cost very little money per person participating. D. all of these answer options are correct.
Which of the following increases the political power of special interest groups and makes counterproductive government action more likely?
a. logrolling and pork barrel legislation b. the rational-ignorance effect c. public goods d. both a and b, but not c
If the costs of coordination and enforcement are ________ the surplus lost to the externality, then ________.
A. lower than; a private solution will not work B. higher than; a private solution will work C. higher than; a private solution will not work D. None of these statements is true.
The monopolistic firm's demand curve
A. is perfectly inelastic. B. coincides with its marginal revenue curve. C. is perfectly elastic. D. is less elastic than a perfectly competitive firm's demand curve.