The costs associated with the negotiation and enforcement of an agreement are
A) property costs.
B) resource factor costs.
C) transaction costs.
D) attorney fees.
Answer: C) transaction costs.
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Jack refused to contribute money for building a public park when he was contacted individually. However, he readily agreed to donate when he was asked to contribute for a similar cause in front of his neighbors
Such behavior is an example of ________. A) pure altruism B) consumerism C) rationalism D) impure altruism
Jane has just sent a gift that was made in the U.S. to her relatives in Italy. As far as the balance of payments is concerned this gift will
A) have no influence on the balance of payments since it was made in the U.S. B) be part of the capital account since the gift is a physical item. C) be considered an export since it has left the U.S. D) be part of the current account as a unilateral transfer.
Which of the following had the greatest impact in pulling the U.S. economy out of the Great Depression?
a. The economy's natural tendency to contract toward potential output b. The federal government's aggressive policy of tax cuts c. The federal government's aggressive policy of monetary stimuli d. A precipitous drop in aggregate demand e. Increased spending during World War II
The standard cut-off for cost per QALY used by most governmental decision makers is set in terms of a multiple of national per capita income. The value of the threshold is usually _____ percent of national per capita income.
a. 250 b. 200 c. 300 d. 100 e. 150