Earning a master's degree in Engineering is an example of
A. economic income.
B. a Pareto good.
C. an investment in human capital.
D. a compensating differential.
Answer: C
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Which of the following is not a derivative?
A) Treasury bond futures B) Common stock C) Swaps D) Options
Assuming that the median voter model accurately explains how public sector decision are made, resources will be allocated efficiently if _____
a. preferences are single-peaked and individuals prefer outcomes closer to their preferred outcome rather than outcomes farther away b. rational ignorance and cyclical majorities are not present c. resources were already allocated efficiently in the private sector d. the median voter's demand is the same fraction of total demand as his tax share is of total taxes
Sonja paid $15,000 in taxes after having earned $100,000 . Amanda paid $22,000 in taxes after having earned an income of $146,667.This is an example of a proportional tax
a. True b. False Indicate whether the statement is true or false
The figure below shows the supply and demand curves for oranges in Smallville.
What is the marginal cost of producing the tenth pound of oranges?
A. $4 B. $2 C. $5 D. $3