If people have never implemented an idea that you believe offers substantial opportunity:
A. your evaluation might be missing something and you should carefully revisit the first three economists' questions.
B. you should conclude that you are being irrational.
C. you should conclude people are irrational.
D. you should seek a low interest loan immediately in order to launch your product.
Answer: A
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Implicit costs are best thought of as:
a. variable costs. b. marginal costs. c. accounting costs. d. opportunity costs. e. sunk costs.
Which of the following middle-income countries had higher fixed and mobile lines per 1,000 people, than the U.S. and Japan in 2009?
a. Brazil b. Russia c. China d. India
What was the main finding of Ramey's study on government expenditure multipliers?
What will be an ideal response?
Which of the following is considered part of M2?
a. Savings deposits. b. Money market mutual fund shares. c. Small time deposits of less than $100,000. d. All of these.