What is dopamine? With respect to consumer choice, when does dopamine flow increase and when does it decrease?
What will be an ideal response?
Dopamine is the reward chemical of the brain. When it flows over receptors in your brain, you feel good. Dopamine flow increases as conjectured satisfaction increases, and if the conjectures are realized, the dopamine flow continues. Dopamine flow decreases if the conjectures are invalidated.
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Okun's Law states that for each percentage point that the unemployment rate is above its natural rate, there is a ________ percent gap between real GDP and potential GDP
A) 4 B) random C) 2 D) 6 E) 8
The U.S. income tax system is completely indexed for inflation
a. True b. False Indicate whether the statement is true or false
Demand for inputs is a derived demand because
A. it is derived from the need for income. B. it corresponds to the derived supply of the inputs. C. producers want the input to produce the finished good. D. it is downward sloping.
A quota subscription is
A. the maximum amount of funds that can be drawn at the World Bank without a formal proposal. B. when an investor sets limits on the proportion of their portfolio that will contain foreign investments. C. a nation's account at the International Monetary Fund. D. the maximum amount that a private investor can invest in foreign firms.