According to neuroeconomists, our logical brain knows we should spend as much as possible when we have money
a. True
b. False
Indicate whether the statement is true or false
False
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The market interest rate is important to the investment decisions of firms _____
Fill in the blank(s) with the appropriate word(s).
The "cost disease of personal services" phenomenon predicts that the price of tickets to baseball games and cell phone rates will increase at approximately the same rate
a. True b. False Indicate whether the statement is true or false
In a labor market characterized by bilateral monopoly, the wage rate will:
A. be logically indeterminate. B. be established at the level desired by the union. C. be established at the level desired by the employer. D. always be established at the competitive level.
Assume soybeans are produced in a perfectly competitive market. A soybean farmer is currently maximizing his profits. If the market price of soybeans falls, after the farmer adjusts to the new price, he will be producing ________ bushels of soybeans, and his profit will be ________.
A. fewer; the same B. the same number of; the same C. fewer; lower D. more; the same