The decision to go to graduate school is a rational one for a college student if the
A) cost is not too great.
B) marginal cost exceeds the marginal benefit of graduate school.
C) marginal benefit of graduate school exceeds the marginal cost.
D) opportunity cost of graduate school equals zero.
E) student carefully compared the social benefits of this decision.
C
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The relationship between industrial capacity percentage and
A. the unemployment rate is indirect. B. the unemployment rate is direct. C. real GDP is indirect. D. nominal GDP is indirect.
Which of the following statements is true of sharecropping?
a. It is an inefficient arrangement if the work of the farmer is not monitored. b. The higher the profit to the landowner, the higher the share of the farmer. c. Both the farmer and the landowner will work to maximize farm profits. d. The higher the profit to the landowner, the lower the share of the farmer.
Which of the following characteristics is essential if a good is to be efficiently provided by a market economy?
a. The good should be subject to overuse. b. The good should be subject to the free rider problem. c. The good should be a common resource. d. The good should be excludable and rival in consumption
Refer to the figure below. At P = 4, how does the price elasticity of demand for D1 compare to that for D2? 
A. The price elasticity of demand for both D1 and D2 will be greater than one. B. It will be equal for D1 and D2. C. It will be greater for D1 than for D2. D. It will be lower for D1 than D2.