When people forget that money is ____________ they often make ______________ decisions.
A. fungible; liquid
B. fungible; irrational
C. liquid; irrational
D. liquid; rational
B. fungible; irrational
Economics
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Profit is maximized at the output at which marginal revenue exceeds marginal cost by the greatest margin.
Answer the following statement true (T) or false (F)
Economics
If consumption is $1,230 when disposable income is $1,420, and consumption is $1,400 when disposable income is $1,620, then the marginal propensity to consume (MPC) is
A) 1.15. B) 0.15. C) 6.67. D) 0.85.
Economics
For farmers as a group, increased productivity can lead to lower incomes
Indicate whether the statement is true or false
Economics
Economies of scale do not exist in the presence of indivisible setup costs.
Answer the following statement true (T) or false (F)
Economics