Charitable donations to the Red Cross
A) can be explained by the rational ignorance theory.
B) can be explained by the rational self-interest theory.
C) cannot be explained by the rational self-interest theory.
D) prove that there is no scarcity in the United States.
B
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
When demand is inelastic, a decrease in price will cause
a. an increase in total revenue. b. a decrease in total revenue. c. no change in total revenue but an increase in quantity demanded. d. no change in total revenue but a decrease in quantity demanded.
The following table describes utility for consuming cans of soda. At what point does the law of diminishing marginal utility set in?Cans of SodaTotal utility114230347457556650742
A. Marginal utility never diminishes. B. Between three and four cans C. Marginal utility diminishes everywhere. D. Between four and five cans
The New York Stock Exchange (NYSE) originated as:
A. a decentralized electronic market made up of dealers all over the world. B. a financial market where nearly 100 million shares of stock are traded every business day. C. the only centralized stock exchange in the world. D. an example of a centralized exchange.