An economic naturalist is someone who:
A. has an innate talent for using economic concepts.
B. uses economic arguments to protect the environment.
C. studies the process of natural selection in a cost-benefit framework.
D. applies economic insights to understand everyday life.
Answer: D
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The _____________of a business's supply curve depends on the nature of its production.
Fill in the blank(s) with the appropriate word(s).
Investors usually obtain bond ratings from:
A. the U.S. government from publicly available information. B. private bond-rating agencies. C. public Information made available by the bond issuers. D. the annual tax returns of the issuer.
If total output increases from $100 billion to $200 billion as population increases from 100 million to 150 million, then output per person:
A. doubles. B. decreases C. increases, but by less than 100 percent. D. remains constant.
The burden of a luxury tax falls
a. more on the rich than on the middle class. b. more on the poor than on the rich. c. more on the middle class than on the rich. d. equally on the rich, the middle class, and the poor.