If marginal benefit is greater than marginal cost, a rational choice involves ?
A. no more of the activity.
B. less of the activity
C. more of the activity
D. more or less, depending on the benefits of other activities
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A. no more of the activity.
B. less of the activity
C. more of the activity
D. more or less, depending on the benefits of other activities
A. positive statements, facts
B. opinions personal facts
C. positive statements values
D. opinions facts
A. the time lost in finding it
B. the quantity of other goods sacrificed to get another unit of that good
C. the expenditure on the good
D. the loss of interest in using savings
A. improving the education of workers
B. raising union wages.
C. raising minimum wages.
D. restricting trade with foreign countries.
A. government intervenes
B. government plan production
C. government interferes
D. Prices adjust to reconcile scarcity and desires
A. the business cycle has been eliminated
B. an increase in inflation temporarily increases unemployment.
C. inflation and unemployment are unrelated in the short run.
D. a decrease in inflation temporarily increases unemployment.
A. the countries of Western Europe have set high minimum wage rates.
B. Unions in Western Europe keep the wage high
C. The countries of Western Europe have protected their industries from foreign corporation
D. Workers in the united states are highly productive
D. none of these answers.
A. Subaru’s impact on the price f cars
B. a farmer’s impact on the price of corn
C. Microsoft’s impact on the price of desktop operating systems
D. a student’s impact on college tuition
A. A student eats a hamburger in the student union.
B. A student reads a novel for pleasure
C. A student sits at home and watches T.V
D. A student has a party in her room in the student hall of residence.
A. increase the scarcity of resources.
B. makes a country more equitable.
C. allows a country to have a greater variety of products at a lower cost than if it tried to produce everything to home.
D. None of these