Which of the following is an example a lack of self-control that contradicts the conclusions of standard economic analysis?
a. Eating more food at an all-you-can-eat buffet
b. Playing video games all night even with an exam the following morning that will determine your semester grade
c. Decreasing the purchase of steak if the price increases 25%
d. all of the above
b
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__________ are conclusions or judgments about some issue or matter
a. Criteria b. Decisions c. Influences d. Problems
In a small economy in 2011, aggregate expenditure was $800 million while GDP that year was $850 million. the following can explain the difference between aggregate expenditure and GDP that year?
What will be an ideal response?
The lack of investment in developing countries is at least in part attributable to:
A. high levels of foreign aid. B. low levels of domestic savings. C. inappropriate education. D. overpopulation.
________: the consumption bundle that maximizes total utility and is feasible as defined by the budget constraint
Fill in the blank(s) with correct word