A person's subjective measure of well-being or satisfaction is called aversion
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The Telecommunications Act of 1996 brought financial well-being to telecommunications firms
Indicate whether the statement is true or false
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
According to the graph shown, if the economy were operating under free trade and then imposed a tariff, the overall impact on surplus would be a net:
A. gain of IJKL. B. loss of IJKL. C. gain of FGHIJKL. D. loss of IL.
A national campaign is asking for contributions of $1.00 per citizen to fund the building of the September 11th memorial in New York City. The total cost of the memorial is estimated to be $260 million. You decide not to contribute, because your contribution would be small relative to the total that it won't make any difference whether you contribute or not. This is an example of the ________ problem.
A. free-rider B. nonexcludable C. drop-in-the-bucket D. nonrival in consumption
"GDP price index" measures changes in the:
A. Value of final output produced in the nation B. Prices of the output produced in the nation C. Amount of resources available in the nation D. Cost of resources employed in the nation