You Save $10 on Gas Every Week Because You Take

question 139

Multiple Choice

You save $10 on gas every week because you take the bus to school. You have class 5 days a week. What is your average benefit per day of taking the bus to school?

• A)$10
• B)$5
• C)$2
• D)$0

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Definitions:

Circulation

In economics, circulation refers to the continuous movement and exchange of money or goods and services within an economy.

Rational Expectations

The hypothesis that individuals make forecasts about the future based on all available information and past experiences, thus influencing their economic decisions.

Prominent Spokesman

A leading or notable figure who represents and speaks on behalf of a particular cause, organization, or group.

Milton Friedman

An American economist and Nobel Prize winner known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.