In Spain, people are considered organ donors unless they explicitly indicate they do not want to be. In the United States, people are only considered organ donors if they explicitly indicate they wish to be. Behavioral economics would suggest that
A) everything else equal, the opt-in system of Spain would generate more organ donors. as a percentage of the adult population.
B) everything else equal, the opt-in system of the United States would generate more organ donors as a percentage of the adult population.
C) everything else equal, the opt-out system of Spain would generate more organ donors. as a percentage of the adult population.
D) everything else equal, the opt-out system of the United States would generate more organ donors as a percentage of the adult population.
C
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A decrease in the price of peanut butter will cause a leftward shift of the supply curve of peanut butter
a. True b. False
Which of the following is not an example of a price ceiling?
a. The Chinese government sets the price of housing in China below equilibrium. b. The government of the former Soviet Union sets the price on food below those prevailing in the free market. c. In the 1970s, the Nixon administration imposed wage and price controls, thereby keeping wages and prices from rising. d. In the late 1970s, the U.S. government required gasoline to be sold at a price per gallon that was below what would have prevailed in a free market. e. The U.S. government requires that sugar be sold at a price that exceeds the world price of sugar.
Winona's Fudge Shoppe is maximizing profits by producing 1,000 pounds of fudge per day. If Winona's fixed costs unexpectedly increase and the market price remains constant, then the short run profit-maximizing level of output
a. is less than 1,000 pounds. b. is still 1,000 pounds. c. is more than 1,000 pounds. d. becomes zero.
Describe how business risk affects employees
Please provide the best answer for the statement.