Basically, the marginal principle helps us to evaluate the factors involved in taking an action or if doing something is worth the effort

Indicate whether the statement is true or false


TRUE

Economics

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Joe spends $72 on gasoline and sandwiches. The price of a gallon of gasoline is $3 and a sandwich is $4

Placing the quantity of sandwiches on the left side, what is Joe's budget equation? If sandwiches are measured on the vertical axis, what is the slope of Joe's budget line?

Economics

Why does the short-run aggregate supply curve shift to the right in the long run, following a decrease in aggregate demand?

A) Workers and firms adjust their expectations of wages and prices upward and they push for higher wages and prices. B) Workers and firms adjust their expectations of wages and prices upward and they accept lower wages and prices. C) Workers and firms adjust their expectations of wages and prices downward and they accept lower wages and prices. D) Workers and firms adjust their expectations of wages and prices downward and they push for higher wages and prices.

Economics

The Robinson-Patman Act is primarily concerned with:

a. mergers. b. price fixing. c. price discrimination. d. monopoly. e. unfair and deceptive practices.

Economics

Interest-rate swaps are:

A. agreements involving swapping of option contracts. B. exchanges of equity securities for debt securities. C. agreements between two parties to exchange periodic interest-rate payments over some future period. D. agreements that allow both parties to convert floating interest rates to fixed interest rates.

Economics