Refer to Figure e. Brandon and Allie want to go on a date one summer evening. Allie is a Red Sox fan, while Brandon is a Mets fan. Both teams are playing that evening, but not against each other. Each would rather watch their favorite team, but neither can force the other to watch a particular game, and each is willing to suffer through the other's game if it means time together. If Allie watches the Mets, what is Brandon's best response?
A. Brandon should watch the Red Sox.
B. Brandon should watch the Mets.
C. It does not matter which Brandon watches; he is indifferent between the Red Sox and the Mets.
D. Brandon should not consider Allie's choice when making her decision.
B. Brandon should watch the Mets.
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The labor force is the sum of the
A) working-age population and the number of unemployed people. B) number of employed people and the working-age population. C) number of employed people and the number of unemployed people. D) total population and the number of unemployed people.
A curve/line that shows combinations of goods among which a consumer would not desire one combination of goods to another combination of goods on that curve/line is called
A) a budget line. B) an indifference curve. C) a utility possibilities curve. D) a demand curve.
Double taxation of corporate profits
A. imposes losses on investors’ incentives in corporate stock. B. tends to keep corporations out of low-profit activities. C. makes the allocation of resources more efficient. D. makes issuing new stock prohibitively expensive.
During the Great Depression fiscal and monetary policy was characterized by
a. an increase in tax rates and a contraction in the money supply. b. a decrease in tax rates and a contraction in the money supply. c. a decrease in tax rates and an expansion in the money supply. d. an increase in tax rates and an expansion in the money supply.