Refer to Figure 2-8. What is the opportunity cost of producing 1 ton of pineapples in Guatemala?
A) 1/2 of a ton of coconuts B) 1 1/3 tons of coconuts
C) 2 tons of coconuts D) 180 tons of coconuts
C
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An individual paying twice as much in Social Security taxes over her lifetime as another individual would receive at least twice as much in Social Security benefits
a. True b. False
In the nonstrategic view of bargaining
a. The games are played without identifying the specific strategies b. Both the parties usually get some positive surplus c. The bargaining outcome is affected by both the parties' disagreement values d. All of the above
Research demonstrates that elections can be swayed by factors other than the rational policy considerations of well-informed voters, such as:
A. handshaking. B. eating food at a county fair. C. mudslinging. D. All of these can sway a vote.
According to the law of demand
A. people buy more of a good when the price falls. B. people buy more of a good when the price rises. C. people buy more of a good when their income rises. D. people buy more of a good when the relative price rises.