George and Brad are waiters at a local restaurant. The female customers prefer to be seated at the tables that George waits on because they think George is better looking than Brad. If George earns more than Brad because of his better looks, this is an example of
a. effort playing a key role in wage differences.
b. differences in human capital.
c. a beauty premium.
d. a compensating differential.
c
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When a country imports a good, the ________ in consumer surplus is ________ the ________ in producer surplus
A) decrease; larger than; increase B) decrease; smaller than; increase C) increase; smaller than; decrease D) increase; equal to; decrease E) increase; larger than; decrease
The ratio of the prices of two goods measures
A. the rate at which a consumer is willing to substitute one good for another in the market. B. the marginal rate of substitution of X for Y. C. the rate at which a consumer is able to substitute one good for another in the market. D. both a and c E. both b and c
As the number of firms in an oligopoly grows, the industry approaches a level of output ________ the competitive level and ________ the monopoly level.
a. more than, less than b. less than, equal to c. less than, more than d. equal to, more than
Use the following saving schedule to answer the next question. 
Dissaving occurs when disposable income is
A. equal to level 2. B. less than level 2. C. equal to level 3. D. greater than level 2.