When it's not clear how to translate available information into something personally meaningful, it's:
A. more likely you'll make a mistake in your choice.
B. more likely you'll invest more time in making your choice.
C. less likely you'll make a mistake, given the amount of information.
D. less likely the choice will have a big impact on you.
Answer: A
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Why do the regulated companies oppose deregulation?
a. They would be deprived of an opportunity to compete with other firms. b. They would be deprived of their rights to continue business. c. They would be denied any kind of support from the government. d. They would incur losses on account of increased competition. e. They would become unpopular as they would no longer be controlled by the government.
An increase in the U.S. demand for foreign exchange will cause
a. an increase in the price of foreign exchange, which is a depreciation of the U.S. dollar, making foreign goods cheaper to U.S. residents. b. an increase in the price of foreign exchange, which is a depreciation of the U.S. dollar, making foreign goods more expensive to U.S. residents. c. a decrease in the price of the U.S. dollar, which is an appreciation of the U.S. dollar. d. an increase in the price of foreign exchange, which is an appreciation of the U.S. dollar. e. a decrease in the price of foreign exchange, which is an appreciation of the U.S. dollar.
Which phrase finishes this statement best? The net effect of a union increasing wages
A. is to lower non-union wages by an offsetting amount so national income is not changed. B. is that no one gains in the end since union shops cannot compete and do not survive. C. is to misallocate labor toward non-union work unless unionization enhances union worker productivity by its actions. D. is to increase wages in both union and non-union sectors.
When operating at the profit-maximizing/loss-minimizing level of output, total revenue minus total cost equals
A. $350.
B. $240.
C. $225.
D. -$240.