Dean should play golf instead of preparing for tomorrow's exam in economics if:
A. Dean can play golf for free.
B. the benefit of golfing is greater than the benefit of studying.
C. he is irrational.
D. the economic surplus from playing golf is greater than the economic surplus from studying.
Answer: D
You might also like to view...
The unemployment rate equals 100 multiplied by the
A) number of people unemployed divided by the number of people employed. B) number of people unemployed divided by the population. C) number of people unemployed divided by the labor force. D) number of people unemployed divided by the working-age population. E) labor force divided by the number of people unemployed.
Crime currently affects the measurement of GDP such that
a. expenditures on police protection and detention centers contribute to GDP. b. the loss to victims due to crime is subtracted from GDP. c. crime is completely ignored because it does not express the economic well-being indicated by GDP. d. expenditures on police protection and detention centers are subtracted from GDP.
International feedback effects ________________ the impact on the unemployment rate of __________________ monetary policy
A) dampen; only expansionary B) dampen; expansionary and contractionary C) amplify; only contractionary D) amplify; contractionary and expansionary
Which of the following statements is true concerning the global flow of foreign direct investment (FDI) since 1990?
A. Mexico has received more FDI inflows than has the United States. B. FDI flows into and within the European Union fell. C. The proportion of global FDI that flowed into the United States increased. D. The proportion of global FDI that flowed into developing countries increased.