A.   social forces

B.   non-economic forces

C.   social, political, and cultural means

D.   non-market rationing

E.   the price mechanism

A.   the allocating Ferrraris to those who can afford the price of a Ferrari

B.   not enough information to answer

C.   the allocating of healthcare to those who are the best candidates for treatment

D.   the allocating of kidneys based on life expectancy

E.   the allocating of slots into U.C. Berkeley based on SAT scores

A.   the price mechanism

B.   marginal costs

C.   social, cultural, and political means

D.   note enough information to answer

E.   marginal benefits

A.   the allocating of healthcare to those who can afford the price of care

B.   cost-benefit analysis

C.   the allocating of slots into Harvard based on who can afford the price of tuition

D.   the allocating of kidneys based on life expectancy

E.   the allocating of Ferraris to those who can afford the price of Ferraris

A.   Inflation, which is primarily a topic studied under macroeconomics, can impact how individuals make consumption decisions, which is a topic relegated primarily to microeconomics.

B.   Unemployment, which is primarily a topic studied under microeconomics, can impact aggregate demand, which is a topic relegated primarily to macroeconomics.

C.   Inflation, which is primarily a topic studied under microeconomics can impact aggregate demand, which is a topic relegated primarily to microeconomics.

D.   Unemployment, which is primarily a topic studied under macroeconomics, can impact aggregate demand, which is a topic relegated primarily to microeconomics.

A.   Are variable and change when you engage in some activity

B.   Are constant in the long run, but are variable in

C.   Can be recovered and thus are relevant to the decision at hand

D.   Cannot be recovered and thus are irrelevant to the decision at hand

E.   Are purely variable

A.   The additional expense incurred by engaging in an activity.

B.   The additional money a firm spends on purchasing a computer.

C.   The fixed benefit of going to college over 4 years.

D.   The additional revenue gained from selling an additional computer.

A.   The marginal cost is greater than the marginal benefit

B.   All else being equal you are worse off from the activity

C.   The total cost is greater than the total benefit

D.   marginal benefit is greater than the marginal cost

E.   All of the answers available are correct

A.   transportation costs

B.   The parking fees at the factory

C.   The net benefit that they could have received by spending that 8 hours in college

D.   Textbook costs

E.   The net benefit that they could have received from working at their job

A.   The foregone cost of education spending

B.   The cost of paying teacher's salaries

C.   The foregone net benefit from spending $50 billion on healthcare

D.   The foregone benefit of improved education outcomes

E.   The investment in building educational facilities

A.   MC=$5,000+$6,000=$11,000 MB=$12,000

B.   MC=$6,000 MB=$12,000

C.   MC=$5,000+$6,000=$11,000 MB=$12,000+$11,000=$23,000

D.   MC=$5,000 MB=$12,000

A.   Yes, due to the following reason: M C = 12 , 000 > M B = 11 , 000

B.   Yes, due to the following reason: M B = 12 , 000 > M C = 11 , 000

C.   No, due to the following reason: M B = 12 , 000 > M C = 5 , 000

A.   Increase complexity and gain insights into that complexity.

B.   Gain an understanding of how economic variables interact by making simplifying assumptions, and making predictions based on the insights from the model.

C.   Gain an understanding of how economic variables converge by making the real world more complex, and making predictions based on the insights from the increased complexity.

D.   Gain an understanding of how economic variables converge and diverge from one another by making increased complexity an inherent part of the model.

A.   Prices have a tendency to rise

B.   Prices have a tendency to fall

C.   Quantity demanded will shift

D.   Prices have a tendency to remain constant

E.   Prices are in equilibrium

A.   prices are in equilibrium

B.   not enough information to answer

C.   Prices have a tendency to rise

D.   prices have a tendency to fall

E.   prices are constant