Refer to the scenario above. If Sarah is optimizing in differences, then which of the following statements is true?
A) An optimizer will rent the hotel room for three days if the net benefit of staying for three days exceeds the net benefit of staying for two days.
B) An optimizer will rent the hotel room for three days if the cost of staying for the first two days is less than the cost of staying for the third day.
C) An optimizer will rent the hotel room for three days if the benefit of staying for the third day exceeds the benefits of staying for the first two days.
D) An optimizer will rent the hotel room for three days if the benefit of staying for the third day exceeds the cost of staying for the third day.
D
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Refer to the table above. Laborland has a(n) ________ advantage in ________ shoes
A) comparative; stitching B) absolute; designing C) absolute; stitching D) comparative; both designing and stitching
Refer to the Article Summary. All else equal, a depreciation of the Chinese yuan relative to a currency such as the U.S. dollar should ________ the current account balance in China and therefore ________ the financial account balance in China
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
Briefly state several reasons for the decline in sales for McDonald's in 2001-2002
What will be an ideal response?
?Which of the following factors did not contribute to the federal budget surpluses in the 1990s?
a. ?Higher taxes on the rich b. ?More federal government spending discipline c. ?Slower consumer spending d. ?Rising business optimism based on technological innovation e. ?Market globalization