Which of the following is an example of an in-kind transfer?
A. Medicaid.
B. Social Security.
C. Income transfers.
D. TANF.
Answer: A
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If a meteorologist discovers a new warming pattern is developing, and the new pattern will create a much larger-than-expected soybean harvest, she should ________ soybean futures
Other things constant, she is more likely to profit from her decision when ________ people are aware of the warming pattern and its consequences. A) buy; fewer B) sell; fewer C) sell; more D) buy; more
The marginal rate of substitution is
A. the slope of the utility curve. B. the slope of the contract curve. C. the slope of the utility possibilities curve. D. none of these answer options are correct.
A factual claim about how the world actually works is a ________ statement.
A. positive B. irrational C. normative D. marginal
Refer to the information provided in Figure 16.1 below to answer the question(s) that follow. 
Figure 16.1 Refer to Figure 16.1. Absent government intervention, how much fertilizer will be produced?
A. Zero because any level of production involves an external cost. B. 50 bags C. 60 bags D. indeterminate from this information