A.   the price mechanism

B.   social forces

C.   non-economic forces

D.   social, political, and cultural means

E.   non-market rationing

A.   not enough information to answer

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

C.   the allocating of kidneys based on life expectancy

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

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

A.   social, cultural, and political means

B.   the price mechanism

C.   marginal benefits

D.   note enough information to answer

E.   marginal costs

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

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

C.   cost-benefit analysis

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

E.   the allocating of kidneys based on life expectancy

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

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

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

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

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

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

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

D.   Are purely variable

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

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

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

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 of the answers available are correct

C.   marginal benefit is greater than the marginal cost

D.   The total cost is greater than the total benefit

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

A.   Textbook costs

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

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

D.   transportation costs

E.   The parking fees at the factory

A.   The foregone benefit of improved education outcomes

B.   The investment in building educational facilities

C.   The foregone cost of education spending

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

E.   The cost of paying teacher's salaries

A.   MC=$5,000 MB=$12,000

B.   MC=$6,000 MB=$12,000

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

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

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

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

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

A.   Increase complexity and gain insights into that complexity.

B.   Gain an understanding of how economic variables converge and diverge from one another by making increased complexity an inherent part of 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 interact by making simplifying assumptions, and making predictions based on the insights from the model.

A.   Prices have a tendency to rise

B.   Prices have a tendency to remain constant

C.   Quantity demanded will shift

D.   Prices are in equilibrium

E.   Prices have a tendency to fall

A.   Prices have a tendency to rise

B.   not enough information to answer

C.   prices are in equilibrium

D.   prices have a tendency to fall

E.   prices are constant