Experiments by psychologists and neuroscientists have consistently shown that people systematically ________ the strength of positive gut feelings and ________ the strength of negative gut feelings.
A. underestimate; underestimate
B. underestimate; overestimate
C. overestimate; underestimate
D. overestimate; overestimate
Answer: A
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In an economy, the number of potential workers is 60,000, the size of the labor force is 45,000, and the number of employed workers is 39,000. Calculate the unemployment rate and labor force participation rate in the country
What will be an ideal response?
Refer to Figure 2-7. Assume that in 2022, Apple temporarily shuts down one of its factories for an extensive renovation, and this reduces the amount of production capacity available for both types of vehicles. This is best represented by the
A) movement from H to J in Graph B. B) movement from K to L in Graph C. C) movement from J to G in Graph B. D) movement from E to F in Graph A.
In the case of nonexcludable goods, economists contend that the market ___________ produce these goods because of the ________________________.
A. will; free rider problem B. will not; law of diminishing marginal utility C. will not; law of diminishing marginal returns D. will not; free rider problem.
Suppose Enid could increase her total utility by purchasing one more book and one less video rental. Which of the following is true?
a. The marginal utility of video rentals exceeds the marginal utility of books. b. The marginal utility of books exceeds the marginal utility of video rentals. c. The marginal utility of video rentals is negative. d. The marginal utility per dollar spent on books exceeds that of video rentals. e. Total utility is at a maximum.