Which of the following was NOT a result of the BRAC anti-poverty program in Bangladesh?
a. Improved mental health
b. Higher income levels a year after the program ended
c. Improved female empowerment
d. Large increases in income of over 10 percent
d
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The concept of opportunity cost in a fully employed economy with technology and resources held constant tells us that
A. expansion of output in one industry means expansion cannot occur in another industry. B. expansion of output in one industry means output in another industry must contract. C. output cannot be increased in any industry. D. output of all industries must contract until more resources are found.
A firm's producer surplus equals its:
A. profit less its avoidable costs. B. revenue less its avoidable costs. C. profit less sunk costs. D. revenue less sunk costs.
If Jane works for 6 hours she can rent out 9 apartments, and if she works for 7 hours she can rent out 12 apartments. The marginal benefit of Jane's 7th hour of work equals:
A. 3 apartments B. 1 apartment C. 9 apartments D. 12 apartments
Which of the following slogans use customer loyalty to sell its product?
a. You know these hamburgers are good, they're Wendy's. b. Wendy's Hamburgers, a new type of burger c. Treat yourself to the best burgers, eat at Wendy's d. Get the most for your money, eat Wendy's Hamburgers.