For a rational consumer, the consumer's surplus will never be a negative number
a. True
b. False
Indicate whether the statement is true or false
True
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Ways to "game" the budgeting process include
a. accelerating sales if just short of a target b. accelerating expenses if just short of a target c. accelerating sales once a target is met d. delaying expenses costs once a target is met
The interest-rate effect is the impact on real GDP caused by the direct relationship between the interest rate and the:
a. price level. b. exports. c. consumption. d. investment.
One of the strengths of a socialist economy, according to those who advocate such a system, is that government intervention will enable a more equitable distribution of income
a. True b. False Indicate whether the statement is true or false
The demand for a resource rises as
A. its productivity rises and the relative prices of substitutable resources rises. B. its productivity rises and the prices of substitutable resources falls. C. its productivity falls and the relative prices of substitutable resources falls. D. its productivity falls and prices of substitutable resources falls.