Economic theory assumes people's actions generally follow
A) from comparisons of expected costs and benefits.
B) no predictable pattern.
C) considerations of material self-interest.
D) the Golden Rule.
A
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All of the following are required to make a tying arrangement vulnerable to antitrust prosecution except which one?
A) There must be at least two products involved. B) There must be proof of an actual tie between two products. C) There cannot be proof of an actual tie between two products. D) The seller must have substantial market power in the market for the tying product.
If the U.S. inflation rate falls relative to the Mexican inflation rate, which of the following will happen in the market for pesos?
a. A rightward shift of the demand curve, a leftward shift of the supply curve, and an appreciation of the peso b. A leftward shift of the demand curve, a rightward shift of the supply curve, and an appreciation of the peso c. A leftward shift of the demand curve, a leftward shift of the supply curve, and a depreciation of the peso d. A rightward shift of the demand curve, a rightward shift of the supply curve, and an appreciation of the peso e. A leftward shift of the demand curve, a rightward shift of the supply curve, and a depreciation of the peso.
A recession abroad would cause U.S. net exports to rise
a. True b. False Indicate whether the statement is true or false
The ________ refers to the amount a household actually works within a given period at the current wage rate.
A. unconstrained supply of labor B. constrained supply of labor C. labor-force participation rate D. natural rate of unemployment