Which of the following is an example of a "how much" decision?
A) The Pleasantville movie theatre is open only in the evenings. The theatre's manager is debating whether to add daily matinee shows.
B) The Zhous have demolished their old home and are debating whether to build a ranch-style house or a Craftsman home.
C) You're planning to hold a graduation party and must decide between having your party catered or having a pot-luck.
D) Chelsea has withdrawn from the swim team to take a full-time job.
Answer: A
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Empirical evidence suggests that more digital cameras are being sold today than one year ago, and the selling price has decreased. The probable reason for this could have been an increase in supply
a. True b. False Indicate whether the statement is true or false
Diversification is:
A. the interest rate at which one would lend if there were no risk of default. B. the process by which risks are shared among many different assets or people. C. when a borrower fails to pay back a loan according to the agreed-upon terms. D. making a market more liquid by being always ready to buy or sell an asset.
A minimum wage is an example of a
A. market clearing price. B. price ceiling. C. price floor. D. black market.
Consumption is the purchase of goods and services by: a. households
b. government. c. business firms. d. foreign buyers.