Looking at the Consumer Price Index since the end of World War II, we have had periods of price stability
A. just following World War II (1945-1948) and 1991 to the present.
B. from 1952 through 1965 and 1975 through 1982.
C. from 1975 through 1982 and 1991 to the present.
D. from 1952 through 1965 and 1991 to the present.
D. from 1952 through 1965 and 1991 to the present.
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You took a job as a salesperson in an insurance company with the knowledge that you have 0.5 chance of making $2,000 a month or $3,000 a month. How much will you make each month?
A) definitely $2,500 B) definitely $2,000 C) definitely $3,000 D) either $2,000 or $3,000
Evidence from experiments in which real people play the ultimatum game supports the idea that people
a. are rational wealth-maximizers. b. tend to be driven by fairness, without regard for their own self-interest. c. are driven by both fairness and self-interest. d. have trouble calculating their own levels of wealth.
According to economic reasoning, you should offer one hour of volunteer service per week when
A) the additional benefits of doing so are greater than the additional costs. B) the additional costs of doing so are the same as the additional benefits. C) the additional costs of doing so are greater than the additional benefits. D) the total benefits of doing so are less than the total costs.
A monopoly's goal using price discrimination is to increase
A. total profit. B. total revenue. C. the per unit profit. D. marginal revenue.