India is on the World Bank's list of ________ countries yet its capital city is one of the top ten centers of commerce in the world.
A. low-income
B. high-income
C. upper middle-income
D. lower middle-income
Answer: A
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The standard deduction for two individuals is higher than the standard deduction for a married couple, causing a "marriage tax."
A. True B. False C. Uncertain
"The value of the next best alternative" defines
A. the Law of Increasing Costs. B. the economic problem. C. allocative efficiency. D. opportunity cost.
Which of the following assets is most liquid?
A. funds in a checking account B. a car C. a home D. a municipal bond
Cigarettes served as money in some POW camps during World War II. Given this fact, we would expect to observe
A) no one ever smoking a cigarette. B) people usually resorting to barter rather than using cigarettes as money. C) prices of other goods expressed in terms of cigarettes. D) only government-issued cigarettes being accepted as money.