Economics

Economists assume people behave rationally, which means that people A) never make a mistake. B) ...

Started by RRMR

An increase in quantity demanded is caused by A) an increase in income. B) a decrease in the ...

Started by karateprodigy

The price of a good always changes when A) either a shortage or a surplus occurs. B) quantity ...

Started by Medesa

In a proportional income tax system A) marginal tax rates are the same regardless of the level of ...

Started by fasfsadfdsfa

A schedule of how much of a good people will purchase for a range of possible prices during a ...

Started by jasdeep_brar

A flat tax on personal income, in which the same tax rate is applied to every dollar of income ...

Started by mia

Refer to the above table. Suppose there are technological advances in the production of smartphones. ...

Started by Engineer

Do economists analyze people's thought processes or do they look at what people actually do? A) ...

Started by V@ndy87

When an external cost exists in the production of a good, firms tend to A) under-produce the good ...

Started by Melani1276

When people donate money to a charity, they behave A) rationally if the act gives them ...

Started by sam.t96

The marginal tax rate can be calculated by which of the following formulas? A) the change in ...

Started by asmith134

The potential rewards that are available to an individual if a particular activity is undertaken are ...

Started by vinney12

If production of an item results in negative external costs, then A) the market price is below ...

Started by krzymel

Which of the following will LEAST likely generate positive external effects to society? A) ...

Started by BrownTown3

Bill Bonecrusher graduates from college with a choice of playing professional football at 2 million ...

Started by cookcarl

Father says, Earn a B-average on your next report card and I'll help you buy a car. An economist ...

Started by bio_gurl

Which of the following is TRUE of unemployment? A) It is defined as the number of people actively ...

Started by Awilson837

Whom among the following was a classical economist? A) Adam Smith B) A. C. Pigou C) David ...

Started by ENagel

Some pet owners are using an invisible fence to keep their animals from straying. Every time the ...

Started by cabate

Which of the following is TRUE about the labor force? A) It includes those over 16 ages old and ...

Started by Mr.Thesaxman

All of the following were classical economists EXCEPT A) Adam Smith B) A. C. Pigou C) David ...

Started by BRWH

Which of the following is TRUE of incentives? A) Different people are motivated by different ...

Started by oliviahorn72

The market clearing price of corn has just increased. Which of the following could have caused this ...

Started by jjjetplane

Society is likely to over-allocate resources to produce goods that A) are public goods. B) are ...

Started by ARLKQ

Four points on a demand schedule are given: 12, 2 units; 10, 1 unit; 15, 1.5 units; and 2, 4 units. ...

Started by sdfghj