A rational, self-interested student decides whether to purchase a textbook required for a particular class based on all of the following, except
A. whether he can borrow the textbook from his friends.
B. the price of the textbook.
C. his limited resources, such as income and time.
D.whether the textbook has an attractive dust jacket.
D. whether the textbook has an attractive dust jacket.
Rational, self-interested government officials seeking more funding for mass transit through higher taxes should consider
A. that taxpayers may prefer to use mass transit to save on gas cost.
B. that taxpayers may prefer to commute in their own cars rather than depend on mass transit.
C. how to spend the funds for their own individual gain.
D. the fact that raising taxes is generally unpopular and may result in a potential loss in a future election.
D. the fact that raising taxes is generally unpopular and may result in a potential loss in a future election.
Rational, self-interested government officials seeking more funding for mass transit through higher taxes should consider
Part 5
A.
that taxpayers may prefer to use mass transit to save on gas cost.
B.
that taxpayers may prefer to commute in their own cars rather than depend on mass transit.
C.
how to spend the funds for their own individual gain.
D.
the fact that raising taxes is generally unpopular and may result in a potential loss in a future election.
D. the fact that raising taxes is generally unpopular and may result in a potential loss in a future election.
A municipality taxing hotel guests to obtain funding for a new sports stadium should consider all of the following, except
Part 7
A.
all other alternative sources of funding the sports stadium.
B.
the total cost of building the sports stadium.
C.
the winning potential of the sports team using the stadium.
D.
the impact of that tax on possible reduction of tourism in the local region.
C. the winning potential of the sports team using the stadium (as this is not a financial consideration for the municipality).
To which of the following household-type(s) does the phrase "unlimited wants
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and limited resources
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apply?
I. A low-income household
II. A middle-income household
III. A high-income household
This applies to all households regardless of income level.
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Categorize each of the following issues as either a microeconomic issue or a macroeconomic issue.
Part 2
a. The national unemployment rate.
b. Macro-economic issue.
The decision of a worker to work overtime or not.
a. Micro-economic issue.
c.
A family's choice of having a baby.