Which of the following should be used to compare the incomes of countries with sizable differences in cost of living?
A) Gross national product
B) Income per working age population
C) Exchange rate-based measure of income per capita
D) PPP-based measure of income per capita
Answer: D) PPP-based measure of income per capita
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The above table shows the marginal benefit from submarines for the only two citizens of a country. Suppose submarines cost $175 a piece. Politician A proposes 2 submarines while politician B proposes 4
Assuming that both Bobby and Katie pay one half of the resulting taxes and neither is rationally ignorant, which politician will win the election? A) A because she offers voters a lower tax bill. B) A because she offers voters a greater net benefit. C) B because she offers voters a greater total benefit. D) B because she offers voters more submarines.
The bond demand curve is ________ sloping, indicating a(n) ________ relationship between the price and quantity demanded of bonds, everything else equal
A) downward; inverse B) downward; direct C) upward; inverse D) upward; direct
Trade
a. allows specialization, which increases costs. b. allows specialization, which reduces costs. c. reduces specialization, which increases costs. d. reduces specialization, which reduces costs.
Compared to PPF1, along with PPF2 
A. the economy can produce more butter. B. the opportunity cost of producing butter is more than before. C. the economy can produce more guns. D. All of these choices are correct.