Even though mass transit systems such as buses are available in most cities in the United States, many residents decide to drive to work in their own vehicles because
A) the opportunity cost of riding a bus is too high for them.
B) there is no opportunity cost of them to drive.
C) they are not aware of the opportunity cost of driving.
D) they do not behave according to the economic way of thinking.
A
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One of the functions of deliberation councils is to
A) coordinate foreign investment from different countries. B) set educational policy for universities and colleges. C) coordinate government policy and private investment. D) broaden the economies base of exports. E) ensure stability in the country's fiscal and monetary policies.
Fashion Buyers II A buyer for a department store must decide on which designs the stores will carry before he knows what the demand will be in the coming season. Choosing a poorly demanded design means lots of unsold merchandise and losses that are
$200,000 on average. Passing on a highly demanded design means lots of unsold merchandise and missing out on profits that are $300,000 on average. So long as he is more than 40% confident that the design will be successful, carrying the design will minimize expected decision error costs. Why might he opt to carry designs only if he is more than, say, 50% confident of success?
What is meant by scientific method?
What will be an ideal response?
The automatic budget surpluses and budget deficits that occur in the federal budget over the business cycle
A) destabilize the economy. B) stabilize the economy. C) decrease potential GDP. D) increase potential GDP.