We will run out of renewable resources if we
a. do not ration them
b. consume them faster than nonrenewable resources
c. extract them faster than we consume them
d. consume them faster than they regenerate
e. continue to use them at any rate
D
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What is one reason car dealerships might move away from perfect price discrimination to uniform pricing?
A) Perfect price discrimination doesn't work. B) Transaction costs erode the profit of perfect price discrimination. C) Consumers are ill-informed and tend to complain too much. D) Uniform pricing is always more profitable and more fair as well.
A recent article in the Financial Times summarizes and criticizes the standard approach to focusing responsibility for the Eurozone debt crisis, for which it blames:
A) the operations of the ECB. B) the restraint on borrowing, which is an integral part of the Eurozone convergence criteria. C) the irresponsibility of the ECB for funding domestic bank purchases of their government's bond issues. D) speculators, irresponsible fiscal deficits, and poor risk assessment.
What is the opportunity cost of going from point D to point C?
Lucinda is deciding whether to enroll in an art school or a culinary school. The art school will cost $38,000 and the culinary school will cost $52,000
Lucinda estimates that the benefits from attending the art school will be $75,000 and the benefits from attending the culinary school will be $88,000. Based on these numbers, in which school should Lucinda enroll?