Which of the following is false?
a. Tangible goods are inherently more valuable than intangible goods.
b. Scarcity forces people to compete
c. The elimination of a bad can be considered a good.
d. None of the above is false; all are true.
Ans: a. Tangible goods are inherently more valuable than intangible goods.
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The marginal cost curve is
A) downward sloping to reflect the bowed out PPF. B) downward sloping as marginal benefits increase. C) upward sloping because marginal cost falls as more of a good or service is produced. D) upward sloping to reflect the increasing opportunity cost of producing one more unit. E) U-shaped to reflect the bowed out PPF.
A worker that quits her job
A) is always counted among the unemployed. B) is never counted among the unemployed. C) will be counted among the structurally unemployed. D) may or may not be counted among the unemployed.
The Monetarists advocate the monetary rule in order to stabilize the business cycle which states that the money supply should be increased by a constant rate year after year
a. True b. False Indicate whether the statement is true or false
We would expect the interest rate on Bond A to be lower than the interest rate on Bond B if the two bonds have identical characteristics except that
a. Bond A was issued by a financially weak corporation and Bond B was issued by a financially strong corporation. b. Bond A was issued by the Exxon Mobil Corporation and Bond B was issued by the state of New York. c. Bond A has a term of 1 year and Bond B has a term of 5 years. d. All of the above are correct.