Opinion polls reveal that many Americans begrudge millionaires their wealth
Indicate whether the statement is true or false
F
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One reason the supply of cell phones has increased is:
A. cell phone towers are much more common. B. better technology allows them to be produced more cheaply. C. consumer preferences for cell phones has increased. D. expectations of the near future are that no landlines will exist.
A Pareto improvement is any action that makes at least one individual better off, and harms no one
a. True b. False
Evaluating risk requires that:
A. we consider uncertain costs or benefits of an event or choice. B. we think about different possible outcomes. C. we accept that our best guess about future costs and benefits could be wrong. D. All of these statements are true.
The impact of Hurricane Katrina on consumers in the economy was to make them very pessimistic about their future incomes. How does this increased pessimism affect the aggregate demand curve?
A) This will move the economy up along a stationary aggregate demand curve. B) This will move the economy down along a stationary aggregate demand curve. C) This will shift the aggregate demand curve to the left. D) This will shift the aggregate demand curve to the right.