Which of the following is not a key idea in the economic way of thinking? A. People

Question:

Which of the following is not a key idea in the economic way of thinking?

A. People make rational choices by comparing costs and benefits.

B. Poor people are discriminated against and should be treated more fairly.

C. A rational choice is made at the margin.

D. Choices respond to incentives.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

See More Books

Question Posted: May 21, 2018 03:30 AM

See More Questions

1. Which of the following is NOT financial transaction? a. Purchase of products b. Cash receipts c. Update valid vendor file d. Sale of inventory 2. The following are subsystems of the Accounting...
Multiple-Choice Questions 1. The practice of delegating authority to division-level managers by top management is a. Decentralization. b. Good business practice. c. Centralization. d. Autonomy. e....
1. Which of the following statements does NOT describe an advantage of a computerized accounting system? a. Many accounting cycle steps are performed by the computer. b. It is easier to control than...
Give the three ways to eliminate the balance in the overhead account at the end of the year.
Consider an 18-8 Mo stainless steel component (Figure 8.35) that is exposed to a temperature of 650C (923 K). What is the maximum allowable stress level for a rupture lifetime of 1 year? 15 years?
As a result of a cancer diagnosis in early 2022, Laura has begun chemotherapy treatments. A cancer specialist has stated that Laura has less than one year to live. She has incurred many medical bills...
3. When a company incorporated in a country with a high tax rate does business in countrieswith lower tax rates, it will report an effective tax rate below its statutory rate. Is the difference...
The Acute Company manufactures a single product. On December 31, 2006 Acute adopted the dollar-value LIFO inventory method. It computes the inventory on that date using the dollar-value LIFO...
What is your assessment of Twitters value at the time of the acquisition? (a) Use the comparable companies approach to calculate Twitters value. (b) Which companies and multiples would you choose?...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Bramble Company. Assume all raw materials are direct materials. BRAMBLE...
Of the three big questions, what, how, and for whom, which of the following is an example of a how question? A. Why do doctors and lawyers earn high incomes? B. Why dont we produce more small cars...
A rational choice is ___________. A. The best thing you must forgo to get something B. What you are willing to forgo to get something C. Made by comparing marginal benefit and marginal cost D. The...
Find the amplitude of the surface pressure coefficient for a flat plate simple harmonically oscillating in hypersonic flow with amplitude \(\bar{h}\). Define an interval for the hypersonic similarity...
Pomerantz in Chapter 8 discussed the expectation that the years leading up to 2030 Group of answer choices would be years of accelerating progress, a trend derailed by war, pandemic, economic...
A Mississippi chicken processing plant fired most of its remaining workers after nearly 100 accused of immigration violations were arrested last week, witnesses said, an indication that the crackdown...
You have added 15 songs to a Spotify playlist. You have 3 classic rock songs, 7 pop songs, and 5 country songs. You can play 4 songs on your walk to school. What is the probability that you hear 2...
a b Solve a) (725.25)10=(?)2=(?)16 b) (111100111110001)2= (?) 8 = (?) 16 Build the equation Y=AB+ CD + E to realize using a) NAND Gates b) NOR Gates Construct and describe Full Adder with neat logic...
With such a high base rate, you are confident about the chance of hiring and have posted the job ad based on a prior job analysis. Listed below are the final applicants and their profile of four key...
Identify and provide a brief overview of the procedures required under the three engagements defined under SSARS.
The baseball player A hits the ball from a height of 3.36 ft with an initial velocity of 34.8 ft/s. 0.14 seconds after the ball is hit, player B who is standing 15 ft away from home plate begins to...
Distinguish between a firm's explicit costs and its implicit costs and between a firm's accounting profit and its economic profit.
Provide two examples of a monetary incentive and two examples of non-monetary incentive, a carrot and a stick of each that government policies use to influence behavior. You are welcome to choose any...
Provide two examples of a monetary incentive and two examples of non-monetary incentive, a carrot and a stick of each that government policies use to influence behavior. You are welcome to choose any...
Indicate whether the following managerial policy increases the risk of a death spiral:Use of low operating leverage for productionGroup of answer choicesTrueFalse
It is typically inappropriate to include the costs of excess capacity in product prices; instead, it should be written off directly to an expense account.Group of answer choicesTrueFalse
Firms can avoid the death spiral by excluding excess capacity from their activity bases. Group of answer choicesTrueFalse

Which of the following is not a key idea in the economic way of thinking? A. People

Question:

Step by Step Answer:

D Choi...View the full answer

Foundations of Macroeconomics

Students also viewed these Business questions