The ultimatum game reveals that the threat of rejection:
A. weakens the functioning of the invisible hand.
B. reduces cooperation.
C. increases selfish behavior.
D. helps align private interests with social interests.
Answer: D
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How would you best describe a manufacturing employee who has been fired because he was replaced by a robot (new technology) and does not have the skills necessary to help operate the robot?
A) job leaver B) entrant/reentrant C) cyclically unemployed D) structurally unemployed
Food Fanatics caters meals where their cost for producing an extra meal is $20 . Each of their meals is standard and sells for $25 . At this rate what should the company do?
a. Produce more meals and increase their profit b. Produce fewer meals and increase their profit c. Not change production d. None of the above
Saccharin and aspartame are both low-calorie substitutes for sugar. If saccharin is found to cause cancer,
a. the price of aspartame will increase b. the price of sugar will decrease c. the price of saccharin will increase d. the demand curves for aspartame and sugar will shift leftward e. aspartame and sugar will be complements
An individual would suffer lower losses or maybe even gain from an unexpectedly higher inflation rate if
a. she held much currency and on net was a lender. b. she held much currency and on net was a borrower. c. she held little currency and on net was a lender. d. she held little currency and on net was a borrower.