Between 1981 and 2015, deaths from kidney disease increased largely due to the effects of
A) increasing obesity.
B) increasing alcohol consumption.
C) increased smoking.
D) increased pollution.
Answer: A
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Economists believe that people who force themselves to always eat everything on their plate at a restaurant, regardless of how full they might feel, likely do so because:
A. they include the sunk cost of their meals in making their decision. B. they gain negative utility from insulting the chef. C. they overvalue the opportunity costs of their health and time involved with eating food they don't really want. D. they undervalue the true benefit of eating too much.
Public choice theory states that government officials act in the public interest rather than their own self-interest when setting policies and regulations.
Answer the following statement true (T) or false (F)
Which of the following is not an example of a capital input? a. A person's skills and abilities, which can be employed to produce valuable goods and services. b. Factories and offices where goods and services are produced
c. Tools and equipment. d. Computers used by a company to record inventory, sales, and payroll.
The value of any economic statistic measured in terms of actual prices that exist at the time, adjusted for inflation, is the:
a. adjusted value. b. nominal value. c. real value. d. calculated value.