To say that people make marginal decisions means that
a. they usually wait until the last minute before making a decision to buy
b. they weigh the additional costs and additional benefits of various activities before they make a decision
c. most people just barely get by on the incomes they earn and live from day to day on the very edge of subsistence
d. given a choice, most people would prefer to make their own decisions concerning the things that affect their lives
e. they consider the total cost and benefit of various activities before they make a purchase
B
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Intermediate goods and services are ________ production and ________ counted in GDP.
A. used up in the process of; are B. the end products of; are not C. the end products of; are D. used up in the process of; are not
Almost every time that there has been an inverted yield curve, what took place within one year?
A) recession B) rising inflation C) financial crisis D) higher bond yields
When new technology eliminates existing jobs but simultaneously creates jobs making new and better products elsewhere in the economy, economists refer to this situation as
A) the classical dichotomy. B) technological balance. C) creative destruction. D) sectoral shifts.
What is true of stock exchanges in the United States?
A. There are two major stock exchanges in New York, several smaller regional exchanges across the nation, and over-the-counter trading via NASDAQ. B. The New York Stock Exchange is the only stock exchange in the United States. C. There are only two stock exchanges, NYSE and AMEX. D. There are only three stock exchanges, NYSE, AMEX, and NASDAQ.