Beth really wants to get in shape, but just can't seem to ever get herself to the gym. An example of a commitment device Beth could use would be:
A. to make arrangements to meet with an exercise buddy every day at the gym to work out together.
B. to spend time before going to the gym doing something she really enjoys doing, like seeing a movie.
C. to allow herself one dessert for each visit to the gym.
D. None of these is a commitment device.
Answer: A
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Which of the following is a critical element of the Heckscher-Ohlin model?
A) That different goods display different factor intensities in their production. B) That some countries have no comparative advantage in anything. C) That trade may not be beneficial. D) All of the above.
To be officially counted as unemployed, a person must be
A) at least 16 years old. B) at least 18 years old. C) at least 21 years old. D) any age, so long as you are looking for work.
One way fiscal policy affects aggregate demand is:
A. directly through government spending. B. directly through tariffs. C. directly through taxation. D. All of these are true.
Lisa's hourly pay increases from $8 to $10 as her performance improves. We can conclude that:
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