Billy is deciding whether to watch TV at home or go spend time with his friends. If Billy decides to stay home, we can conclude that:
A. Billy will get more utility from watching TV than spending time with his friends.
B. Billy's revealed preference is to always be alone.
C. Billy is a homebody and never goes out.
D. Billy will regret not spending more time with his friends.
Answer: A
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Suppose a bank has total assets of $4,000,000,000 and total deposits and other liabilities of $3,500,000,000. The bank's leverage ratio is
A) 11.2%. B) 12.5%. C) 14.3%. D) 87.5%.
Suppose you will receive $500 at some point in the future. If the annual interest rate is 7.5 percent, then the present value of the $500 is
a. $411.26 if the $500 is to be received in 5 years and $338.95 if the $500 is to be received in 10 years. b. $348.28 if the $500 is to be received in 5 years and $242.60 if the $500 is to be received in 10 years. c. $291.11 if the $500 is to be received in 5 years and $272.89 if the $500 is to be received in 10 years. d. $291.11 if the $500 is to be received in 5 years and $236.49 if the $500 is to be received in 10 years.
In general, a policy that limits entry into a market
A. increases price, decreases quantity, and causes inefficiency in the market. B. increases the demand for the product which decreases the supply C. decreases price, increases quantity, and causes inefficiency in the market D. will stabilize a market so the there are fewer disruptions:
China has roughly how much of the world's population?
A. 20 percent. B. 40 percent. C. 10 percent. D. 30 percent.