If John's marginal utility derived from the consumption of another candy bar is 1 and the price of the candy bar is $1.50, then
a. this is the last candy bar John will purchase since the marginal utility is less than the price.
b. the opportunity cost of the candy bar is less than $1.50.
c. if John purchases and consumes the candy bar his total satisfaction will go down because the marginal utility is less than the price.
d. there is not enough information to determine if John will or will not purchase the candy bar.
d
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One obstacle to the adoption of the export promotion model by countries in other regions is that
A) the Uruguay Round of the GATT forbids many types of export promotion policies. B) the Washington Consensus opposes the spread of this model. C) research and development for new exports is too expensive. D) only noncommercial R&D is permitted under the rules of the GATT. E) industrial monopolies in the high-income countries will block further exports by developing countries.
During the 2007-2009 financial crisis, many households found themselves with debts to repay. How might this explain the consumer response to the 2008 Tax Rebate?
What will be an ideal response?
In real business cycle models, shifts of the aggregate demand curve ________
A) cause changes in inflation, but have no effect on output B) cannot occur C) result from changes in the willingness to work D) result from Solow residuals
A technology spillover occurs when one firm's research and production increase another firm's access to technological advances
a. True b. False Indicate whether the statement is true or false