Which of the following is missing from the circular flow model depicted in the textbook?
a. businesses
b. factors of production
c. banks
d. what households spend their money on
e. goods and services
C
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La Dila Corp . decided to sponsor an AIDS awareness campaign when it discovered that its rival had been sponsoring several fund-raising events for AIDS-afflicted children. This is an example of ________
A) bounded rationality B) pure altruism C) impure altruism D) consumerism
Refer to the figure above. What is the profit-maximizing price for the monopolist?
A) $3 B) $4 C) $5 D) $6
When money wages rise, the most significant effect on the aggregate supply curve is that it
A. shifts outward. B. shifts inward. C. becomes flatter. D. becomes steeper.
If the government offers to reduce your property taxes by 10 percent if you install solar heating for your home, this would be an example of
A. disincentives. B. a violation of the rational assumption. C. ceteris paribus. D. incentives.