Jim has a choice between two jobs. Job A would pay him $15 an hour with certainty, and the job B is commission based where he could earn $12, with a 50% probability and $18 with a 50% probability. Which job would he choose?
a. Job A
b. Job B
c. Neither of the jobs
d. He would choose to exit the labor market
a
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Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30
Marissa walks into a convenience store to buy something to drink. As she stares into the cooler, her opportunity cost of choosing a Gatorade is:
A. distant and abstract. It's the value she places on all the other drinks she could choose instead of Gatorade. B. obvious. It's the value she places on all the other drinks she could choose instead of Gatorade. C. obvious. It's the value she places on whatever drink she would choose if she didn't pick Gatorade. D. distant and abstract. It's the value she places on whatever drink she would choose if she didn't pick Gatorade.
Which of the following usually has the highest yield at a given point in time?
A) Corporate bonds B) Municipal bonds C) Commercial paper D) U.S. Treasury bonds
When there are gains from trade, the trading nations would be worse off if no trade took place
Indicate whether the statement is true or false