According to economic reasoning, you should follow Nike's advice and "Just Do It" when
A) the additional costs are the same as the additional benefits.
B) the additional costs are greater than the additional benefits.
C) the additional benefits are greater than the additional costs.
D) the total benefits are less than the total costs.
C) the additional benefits are greater than the additional costs.
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Legal restrictions on competition, such as the grant of patent privileges to inventors,
A) destroy property rights. B) expand property rights. C) both destroy and expand property rights. D) neither destroy nor expand property rights because patents are granted by the U.S. Constitution.
When the economy is producing at a quantity greater than its long-run aggregate supply:
A. it is pushing some of its resources to operate beyond capacity. B. the economy is experiencing greater economic growth. C. it causes a bubble to form in one of its major sectors. D. we are experiencing a recession.
If the Fed wanted to use all of its policy variables to increase the supply of money, which of following would it not do? a. Increase its open market purchases of government securities. b. Increase the required reserve ratio
c. Increase the interest rate it pays banks on bank reserves. d. It would not do b. or c.
The main advantage of money market deposit accounts over traditional checking accounts is the ease of check writing
a. True b. False Indicate whether the statement is true or false