The study of situations in which people make choices that do not appear to be economically rational
What will be an ideal response?
Behavioral economics
Economics
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The solvency of Social Security can be extended if
A. the trust fund invests in private corporate securities. B. the tax rate is reduced. C. the retirement age is reduced. D. the cap on taxable earnings is lowered.
Economics
Refer to Figure 4-9. What is the size of the unit tax?
A) $8 B) $5 C) $3 D) cannot be determined from the figure
Economics
Describe the fractional reserve banking system
What will be an ideal response?
Economics
Refer to the above table. If the price of the product is $1.50, what is the marginal revenue product of the 11th worker?
A) $1.50 B) $13.64 C) $150 D) $900
Economics