An optimal choice in which a consumer does not consume all types of goods
A) is a corner solution.
B) cannot be an equilibrium.
C) cannot exhaust the budget constraint.
D) is an interior solution.
A
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In the 1980s, a new category entitled ________ was added to M1
A) money market mutual fund deposits B) other checkable deposits C) demand deposits D) traveler's checks
Define neuroeconomics
What will be an ideal response?
The rule of caveat emptor
(a) is the supreme rule throughout our economy today. (b) still exists, but only outside of the extensive framework of government regulations of business. (c) is essentially the only rule with regard to buying and selling in our economy that is consistent with the concepts of freedom and liberty enshrined in our Constitution. (d) is of little importance in our economy today.
In which type of contract is the agent paid per unit of output?
A) A commission based contract. B) A sharecropping contract. C) A piece rate contract. D) A contract with stock options as salary.