Avner is maximizing total utility by buying sports magazines and protein supplements. For him to buy more sports magazines
A) the price of sports magazines has to fall.
B) the price of sports magazines has to rise.
C) the price of protein supplements. has to fall.
D) Since Avner is maximizing his utility, nothing can change the consumption of sports magazines.
A
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John gets paid monthly and pays for everything with cash. When he cashes his check he keeps $200 for food, $100 for utilities, $900 for rent, $50 for transportation, $100 for entertainment and $300 for unexpected expenditures
Which of the following statements is TRUE? A) The transactions demand for money is $1,350, the precautionary demand is $300 and the asset demand is $0. B) The transactions demand for money is $350, the precautionary demand is $1,150 and the asset demand is $150. C) The transactions demand for money is $350, the precautionary demand is $950 and the asset demand is $0. D) The transactions demand for money is $450, the precautionary demand is $300 and the asset demand is $900.
Additions to inventory are
A) not counted as an expenditure in GDP accounting. B) counted as an intermediate input. C) counted as a component of investment spending. D) subtracted from sales revenue in calculating profit income.
An agreement with another country in which it agrees to import more from the United States is called a
A) VRA. B) VIE. C) VAR. D) VAT.
Behavioral economists recommend mechanisms to help people actually do things they say they want to do but often don't. Such mechanisms are often called
A. savings rates. B. charitable donations. C. self-control. D. commitment devices.