A person's incentive to spend additional money on conspicuous consumption goods will be ________ to the amount and reliability of independent information that people have about his abilities.
A. inversely related
B. equal
C. positively related
D. unrelated
Answer: A
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Which of the following is the best example of a vertically integrated firm?
a. General Electric, which produces light bulbs, jet engines, washing machines, and so on b. Kinko's, which has a photocopy store near many colleges and universities c. USX Corporation, which owns ore and coal mines, coke ovens, blast furnaces, mills, and foundries d. Intel, which makes computer chips for most of the computer manufacturers e. Century 21, which has real estate offices that help people sell a house in one city and buy another house in another city
In the late 1990s, Thailand, Malaysia, and Indonesia all experienced sharp declines in the value of their currencies; this resulted in economic instability and crisis. The collapse in the values of their currencies undermined their development by:
A. decreasing political instability. B. decreasing population growth. C. increasing corruption. D. reducing investment.
Price levels rarely remain the same. This implies that money is
A. an excellent medium of exchange. B. divisible. C. a good medium for measuring value. D. an imperfect medium for storing value.
In 2010, anyone with an income in excess of $____________ pays the marginal tax rate of 35%.
A. 500,000 B. 372,950 C. 296,400 D. 198,200