Economic analysis is used
A. only by instructors and students in economics to understand the world.
B. only by policy makers to make policy decisions.
C. only by business people to raise profits.
D. in decision making.
Answer: D
You might also like to view...
Discount loans available to health banks which can be used for any purpose are called
A) primary credit. B) secondary credit. C) seasonal credit. D) repo loans.
Jen spent her weekly allowance of $110 on clothes and cosmetics. Assume that she had allocated $100 to shoes and $10 to lipsticks and is in equilibrium. What can you conclude from her purchase decisions?
a. She likes shoes ten times as much as she likes lipsticks b. Jen liked the last pair of shoes ten times as much as the last tube of lipstick c. Jen purchased hundred pairs of shoes for each tube of lipstick d. She likes lipsticks ten times as much as she likes shoes e. She purchased one pair of shoes for each tube of lipstick
The use of abstraction in economics is analogous to the use of a road map providing directions to a location.
Answer the following statement true (T) or false (F)
The incentive to lend increases as the real rate of interest decreases
a. True b. False Indicate whether the statement is true or false