It is estimated that less than 50% of American blacks have any white ancestry
Indicate whether the statement is true or false
F
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If the government wants to decrease the quantity consumed of cigarettes 20%, what percentage of tax would they have to levy on cigarette consumption?
a. 20% b. 30% c. 40% d. 50%
Forest lives in complete isolation in Montana. He is self-sufficient and feeds himself through hunting, fishing, and farming. Which of the following statements about Forest is true?
A. Forest has to make trade-offs. B. Forest has unlimited resources. C. Forest doesn't have to consider costs and benefits. D. Forest is not required to make trade-offs because he is self-sufficient.
How did families manage to keep up their standard of living in the 1970s and 1980s in the face of falling real wages?
A. They went on welfare and food stamps. B. They tightened their belts. C. They sent their stay-at-home mom to work. D. They went into debt.
When we say that an individual behaves according to "rational self-interest," we mean that this individual
A) is motivated by greed. B) will always buy the most fashionable items available. C) never considers the well being of any other individual. D) is making choices that he or she believes will leave him or her better off.