Economists can evaluate the desirability of the distribution of income
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is not an example of microfinance?
A. A loan to a bakery for a machine to mix dough. B. A loan to a small farmer for fertilizer. C. A loan to an executive for a retirement home. D. A loan to a restaurant owner for an indoor grill.
A store is choosing between advertising a credit card fee or a discount for paying cash to its customers. More customers are likely to pay cash if the store owner advertises:
A. either one; since it's the same outcome, people won't care one way or another. B. neither one; since people are not likely to pay cash more regardless of how it's advertised. C. the discount for paying cash. D. the credit card fee.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point B to Point D, the opportunity cost of motorcycles, measured in terms of hybrid cars,
A. increases B. remains constant. C. initially increases, then decreases. D. decreases.
One of the consequences of the overstatement of the CPI is that
A. Social Security payments are lower than they would otherwise be. B. personal income taxes are higher than they would otherwise be. C. Social Security taxes are lower than they would otherwise be. D. the poverty line is higher than it would otherwise be.