If the cost of acquiring more information outweighs the benefit of having more information about a good, then we can predict:
A. the exchange will definitely not take place.
B. the exchange may take place anyway.
C. the exchange will not benefit anyone.
D. the exchange will take place, but will be regretted in the future.
B. the exchange may take place anyway.
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According to the above table, what is Lauren's marginal utility of the 4th unit?
a.90 b.220 c.310 d.115
When fiscal policy makers wish to reduce aggregate demand, they could enact:
A. contractionary monetary policy. B. expansionary monetary policy. C. contractionary fiscal policy. D. expansionary fiscal policy.
The unemployment rate is calculated as: a. the number of officially unemployed persons divided by the number of officially employed persons
b. the number of officially employed persons divided by the number of officially unemployed persons. c. the number of officially unemployed persons divided by the number of officially employed plus unemployed persons. d. the number of officially unemployed persons divided by the population.
Treasury securities have ____ risk of default and mortgage-backed securities have ____ risk of default
a. no; no b. no; some c. some; no d. some; some