Which of the following actions would most likely have an external benefit?
A) eating a peanut butter sandwich
B) throwing trash out your car window as you drive to class
C) sleeping
D) attending college
E) developing a better marketing strategy for Honda
D
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Which of the following events challenged Keynesian views, and led to the popularity of Milton Friedman's ideas?
a. The hippie community started advocating socialist values. b. Hard-core republicans came into office. c. The U.S. economy faced high levels of inflation and unemployment simultaneously. d. The oil crisis exploded. e. Countries that followed Friedman's ideas performed better.
A borrower who has to pay an interest rate of 8% rather than 6% due to risk spread will pay:
A. $20 more in interest annually for every $100 borrowed. B. 2% in net interest. C. less interest in total over the life of the loan. D. 33.3% higher interest in dollar terms.
One union follows another union and starts a work stoppage. This is an example of a
A) sympathy strike. B) secondary boycott. C) closed shop. D) union shop.
Utility is:
A. a quantitative measure of consumers' preferences. B. an objective measure of a person's happiness. C. a meaningful number measuring a consumer's precise level of satisfaction. D. as difficult to measure as an individual's income level.