Airline pilots make more than bus drivers in part because the training costs of being an airline pilot are higher.
Answer the following statement true (T) or false (F)
True
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Why is it that the consumer can maximize total net utility only if the purchase quantity brings marginal utility as close as possible to equality with price?
Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
In a market with an adverse selection problem:
A. one side of the market has better information about the goods than the other. B. the uninformed side of the market must choose from an undesirable selection of goods. C. some high-quality goods are sold, but fewer than would be sold in a market with perfect information. D. All of these
After purchasing a coffee cup from your local gas station for $5.00, you can always refill your cup for $0.50. The sunk cost of the coffee purchased at the gas station is:
A. $5.00. B. $10.00. C. $5.50. D. $0.50.