Consider the case of a teacher who tells students that those who miss more than three classes for any reason will automatically receive a lower grade.
A. Students who miss more than three classes are irrational.
B. The teacher is assuming that students are irrational, and she must force them to attend class.
C. This is an example of a positive incentive for students to attend class.
D. This is an example of a negative incentive for students to attend class.
Answer: D
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What country in pacific Asia region has one of the worlds largest economies?
a. China
b. Japan
c. India
d. South Korea
e. Indonesia
Economists define investment to include purchases of
A) capital goods and inventories. B) capital goods, equity stocks, and inventories. C) capital goods, equity stocks, and bonds. D) capital goods, such as tools, instruments, and buildings. E) capital goods, household durable goods, and inventories.
Real income is redistributed from ________ in the case of ________ deflation
A) creditors to debtors, anticipated B) creditors to debtors, unanticipated C) debtors to creditors, anticipated D) debtors to creditors, unanticipated
Differences in marginal revenue products among workers can help explain the presence of wage differentials
a. True b. False