A bride accepting a proposal only if the ring is expensive enough is a
a. Screening mechanism
b. Signaling mechanism
c. Way to waste money
d. None of the above
a
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The statement that "peach ice cream is better than chocolate ice cream"
A) can be tested using the scientific approach. B) is a normative statement. C) is a positive statement. D) provides a basis for predicting which type of ice cream will exhibit the most sales.
If the consumption function is C = 750 + .75Y and there are no income taxes, then the expenditure multiplier is
a) .75 b) .25 c) 4.0 d) 3.0 e) 1,000
A change in the value of consumer’s stock market holdings will cause a shift in the consumption function.
Answer the following statement true (T) or false (F)
An export subsidy for a product will benefit:
A. Domestic consumers of the product B. Foreign producers of the product C. Foreign consumers of the product D. The domestic taxpayers