If consumers expected the price of a good to increase in the near future and the price of a complement good decreased at the same time, as a result:
a. prices would rise
b. prices would fall.
c. larger quantities to be exchanged.
d. both prices and quantities exchanged would increase.
d
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How do regulators help to ensure the soundness of financial intermediaries?
What will be an ideal response?
The main attractive feature of a negative income tax program is
a. it is politically clean and simple b. it keeps the IRS out of the picture c. it avoids cash payments to the poor d. it is totally financed out of the incomes of the poor creating for them a sense of individual responsibility e. it only subsidizes the unemployed
Legal and social rules that affect the ownership of property are:
A. the coincidence of wants. B. the division of labor. C. the freedom of enterprise. D. property rights.
Josh has just eaten another cookie and his total utility increased. This means that Josh's marginal utility for this additional cookie is
A) positive. B) negative. C) zero. D) not determinable without more information.