_____________ rhythms are the daily rhythmic activity cycles, based on 24-hour intervals, that humans experience
a. Circadian
b. Cybernetic
c. Dynamic
d. Calibrated
A
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In the above figure, what is the marginal social cost to the economy of producing the four-hundredth pretzel?
A) $0 B) $2.00 C) $4.00 D) None of the above answers are correct.
A budget deficit
A) occurs when government expenditures exceed tax revenues. B) occurs when tax revenues exceed government expenditures. C) occurs when transfer payments exceed tax revenues. D) will always result when Congress and the president cannot agree on expenditures. E) occurs when monetary policy works in the opposite direction of fiscal policy.
The idea that tradeoffs have to be made when resources are scarce is reflected in the fact that:
A. points below the production possibilities curve are efficient. B. the production possibilities curve has a negative slope. C. the slope of a linear production possibilities is constant. D. points below the production possibilities curve are inefficient.
Markets coordinate economic activity through:
A. commanding individuals what to do. B. the price mechanism. C. the legal mechanism. D. asking individuals what to do.