La Dila Corp . decided to sponsor an AIDS awareness campaign when it discovered that its rival had been sponsoring several fund-raising events for AIDS-afflicted children. This is an example of ________
A) bounded rationality
B) pure altruism
C) impure altruism
D) consumerism
C
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Which of the following pairs of goods are substitutes?
a. baseballs; bats b. bicycles; bicycle helmets c. skim milk; ice cream d. domestic cameras; foreign cameras
In the figure above, if the minimum wage is $8 per hour, then
A) resources used in job-search activity increase compared to the situation before the minimum wage. B) it is legal to hire workers for a wage below the minimum wage because otherwise unemployment would result. C) the deadweight loss is minimized. D) Both answers A and B are correct. E) Both answers B and C are correct.
Which of the following countries fell victim to contagion during the Asian financial crisis?
A. Indonesia, Malaysia, and the Philippines B. Malaysia, South Korea, and Taiwan C. Malaysia, the Philippines, and Taiwan D. All of these countries were hurt during the crisis.
The major difference between the Keynesian approach and the monetarist approach is that
a. Keynesian analysis explains an equilibrium condition and monetarism does not. b. in Keynesian analysis, money affects the economy by first affecting interest rates; monetarist analysis is not limited to working through interest rates. c. monetarism explains an equilibrium condition and Keynesian analysis does not. d. there are no differences.