Economics is the study of how
A) people make money.
B) preferences are determined.
C) psychology influences preferences.
D) people make choices.
D
You might also like to view...
Which of the following scenarios would be considered an investment according to economists?
A. The owner of a fishing company buys Google shares. B. The owner of a fishing company buys new fishing gear. C. The owner of a fishing company buys fuel to run the boats. D. A fishing company buys a few boats from another fishing company that was shutting down.
Explain which of the following goods and services are included and which are not included in U.S. GDP:
a. Jacinda buys termite spray at her local Home Depot. b. Jacinda uses the termite spray she purchased at her local Home Depot to treat her house for termites. c. Arturo hires a pest control company to treat his house for termites. d. Jeannine sells her 1969 Pontiac GTO to a local car museum. e. Simon purchases a new John Deere tractor to use on his farm. f. Ravi purchases 2 round-trip airline tickets between Chicago and Las Vegas.
The mangers of Healthy Snacks and Healthy Bars are engaged in a strategic interaction in which their interests are aligned, but there is more than one possible equilibrium. All of the following can help the managers determine the equilibrium outcome except which one?
A) an announcement made by either firm regarding their future plans B) unpredictable strategies C) a focal point D) the Pareto criterion
In a multiple regression framework, the slope coefficient on the regressor X2i
A) takes into account the scale of the error term. B) is measured in the units of Yi divided by units of X2i. C) is usually positive. D) is larger than the coefficient on X1i.