There is an influenza epidemic at Sally's office. If she got the flu shot this winter, how does this affect her decision of going to work or working from home?
a. She would choose to work from home since the marginal cost of going to the office is high
b. She would choose to go to work since the marginal benefit of working from home is too low
c. She would stay home since the marginal cost of going to work so is too low
d. She would stay home-who wants to go to work
b
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Refer to the above table. Assuming that opportunity costs are constant, the opportunity cost of producing a bicycle in the United States is equal to ________, and the opportunity cost of producing a bicycle in Mexico is ________
A) 4 computers; 0.5 computer B) 0.25 computer; 2 computers C) 2.67 bicycles; 0.33 computers D) 0.375 computer; 3 bicycles
The United Nations' goal of reducing the global rate of extreme poverty to 15 percent by 2015 is known as the
A. United Nations' Poverty Goal. B. World Poverty Goal. C. Global Poverty Goal. D. Millennium Poverty Goal.
On the long-run aggregate supply curve
A) a decrease in the price level decreases the level of potential GDP. B) a decrease in the price level increases the aggregate quantity of GDP supplied. C) a decrease in the price level decreases the aggregate quantity of GDP supplied. D) a decrease in the price level has no effect on the aggregate quantity of GDP supplied.
Which of the following macroeconomic variables is procyclical and coincident with the business cycle?
A. Unemployment B. Residential investment C. Nominal interest rates D. Industrial production