If C + I = Y and Y - C = S, then
A) I = 0.
B) S = 0.
C) S = I.
D) Y = S + I.
C
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If you are offered a gamble in which you win 500 dollars 3/8 of the time and you lose 500 dollars 5/8 of the time, what is your expected payoff and your behavior given that you are a risk-lover?
A) $500, take the gamble B) -$125, take the gamble C) -$125, it is unclear what you would do without further information D) $500, decline the gamble E) -$125, decline the gamble
Which statement about U.S. poverty rates is true?
a. Poverty rates decreased during the 1960s. b. Poverty rates were at their lowest in 2011. c. Poverty rates increased during the 1970s. d. Poverty rates decreased significantly in 2013.
Explain whether a fiscal policy that causes an increase in current and future government spending can cause a reduction in current output
What will be an ideal response?
If a monopolist has an output price of $10, marginal revenue equal to $4, and faces a fixed wage rate of $7, then the monopolist should hire labor until the marginal revenue product is equal to
A) $10. B) $4. C) $7. D) $14.