Which of the following is a positive incentive?
A. Discover credit cards offer 0 percent balance transfer rates for someone to open a new account.
B. McDonalds decides to offer a white chocolate mocha.
C. A school teacher decides to retire and focus on gardening.
D. A business decides to leave the industry.
A. Discover credit cards offer 0 percent balance transfer rates for someone to open a new account.
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What is meant by the phrase, "There is no such thing as a free lunch"?
What will be an ideal response?
Which of the following actions would government take to increase economic growth:
A. Decrease exports B. Increase taxes C. Increase government spending D. Decrease government subsidies
Which of the following statements is consistent with a given (i.e., fixed) LM curve?
A) A reduction in the interest rate causes investment spending to increase. B) A reduction in the interest rate causes money demand to decrease. C) A reduction in the interest rate causes an increase in the money supply. D) An increase in output causes an increase in demand for goods. E) An increase in output causes an increase in money demand.
The total utility of consuming 6 units of a good is 255. The marginal utility of the 6th unit is 45 and the marginal utility of the 5th unit is 65. The total utility of consuming 5 units of the good is
A) 300. B) 150. C) 215. D) 195.