Billionaires get most or all of their income from
A. wages and salaries.
B. property.
C. government transfer payments.
B. property.
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It is true of externalities that they
a. are always detrimental. b. are always beneficial. c. arise when all costs, social and private, are included in production cost. d. cause the price system to misallocate resources.
Goods with close substitutes tend to have more elastic demands than do goods without close substitutes
a. True b. False Indicate whether the statement is true or false
Factory workers who work the day shift earn less per hour than similarly-skilled factory workers who work the night shift. The difference in pay is attributed to
a. the marginal product of labor. b. the marginal product of capital. c. diminishing marginal returns. d. a compensating differential.
Consider the accompanying payoff matrix. 
What is player A's dominant strategy?
A. Left B. Down C. Right D. Up