9. Sunk costs and decision making Bette has plans to go to a movie and already has a $10 nonrefundable, nonexchangeable, and nontransferable ticket. Now Manuel, whom Bette has wanted to date for a long time, asks her to a party. Bette would prefer to go to the party with Manuel and forgo the movie, but she doesn't want to waste the $10 she spent on the movie ticket. From the perspective of an economist, if Bette decides to go to the party with Manuel, what has she just done

6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?

All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.