Olivia must decide whether or not to go to college. She can either continue to work as a waitress and earn $22,000 per year or she can go to school and expect to earn $32,000 per year when she finishes. She should
a. continue to work as a waitress.
b. go to school, but only if she knows she can finish in four years.
c. go to school no matter what.
d. we cannot tell since there may be important nonmonetary considerations that Olivia will take into account.
D
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According to your text, controversies about negative externalities are almost always conflicts between the legitimate expectations of citizens and the
A) desire of individuals for greater profits. B) desire of politicians to be reelected. C) legitimate expectations of other citizens. D) mindless urge for more material goods. E) strident demands of environmentalists.
Assuming a closed economy (i.e., NX = O) the data in Figure 2-1 suggest that for each year after 1980
A) private saving could have been either positive or negative. B) private saving was negative. C) private saving was positive. D) private saving equaled zero.
The debt-to-GDP ratio is higher,
A) the lower the real interest rate. B) the lower is the ratio of the primary deficit to GDP. C) the higher is the growth rate of output. D) all of the above E) none of the above
Anticipated inflation is associated with cost increases which are fully expected
Indicate whether the statement is true or false