Use the above table. The autonomous consumption in this table is
A. $140.
B. $20.
C. $50.
D. $0.
Answer: B
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Entrepreneurs differ from managers because
a. they use innovation to gain advantage over their competitors. b. managers use established managing styles; entrepreneurs do not. c. entrepreneurs tend to take more risk than managers. d. All of the above are correct.
The success of the SMarT program has proven that changing the way we present options can:
A. help people overcome mental biases. B. affect people's behavior. C. avoid regret. D. All of these statements are true.
According to the text, the allocation of scarce health care resources should be:
A. based on the willingness to pay of the recipient of the care. B. determined by weighing marginal costs and marginal benefits. C. determined by length of time on a waiting list. D. based on the degree of suffering of the recipient of the care.
What is the free-rider problem, and how is it related to public goods?
What will be an ideal response?