In general, most people
A. value the present and the future about the same.
B. have a negative time preference.
C. have a positive time preference.
D. have a negative time preference for food and basic necessities and a positive time preference for services and luxuries.
Answer: C
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For spring break, Melanie will either stay home or go to Daytona Beach. At home, Melanie pays $10 per day for food and earns $90 a day at her job. At Daytona Beach, Melanie will stay with friends and so has no lodging cost
She will pay $20 per day for food. In terms of dollars, Melanie's opportunity cost per day of going to Daytona Beach is how much?
From which of the following is it least difficult to exclude free riders?
A) A library book B) Landscaping on the edges of urban expressways C) Police protection D) Fireworks displays
If the fluctuations in the economy's real growth rate from year to year are caused primarily by variations in the rate at which aggregate demand increases, then data would show the
a. worst recession occurs when output expands most rapidly. b. slowest inflation occurs when output expands most rapidly. c. slowest economic growth occurs when output grows most rapidly. d. most rapid inflation occurs when output expands most rapidly.
If Japanese tourists visit Disney World, what is the effect in the foreign exchange market?
a. It will increase demand for Japanese yen. b. It will decrease demand for Japanese yen. c. It will increase supply of Japanese yen. d. It will decrease supply of Japanese yen.