"The problem of getting people to buy car insurance is best solved by the market." This belief belongs to which type of economist?
A. Behavioral
B. Traditional
C. Keynesian
D. Modern
Answer: B
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Refer to the scenario above. What is the opportunity cost of printing one magazine?
A) 1 notebook B) 2 notebooks C) 15 notebooks D) 30 notebooks
In the short run, a decrease in the market demand will cause a(n) ________ in the market equilibrium price and a perfectly competitive firm's demand and marginal revenue curve to shift ________.
A) increase; upward B) decrease; upward C) increase; downward D) decrease; downward
Which statement is most correct: According to new research by Olmstead and Rhodes in 2008, productivity gains in cotton:
a. included a nearly 10 percent per annum increase in labor productivity. b. were accomplished by mechanical innovations. c. were accomplished by biological innovations. d. were entirely due to the depletion of Eastern soils, which drove production to the Southwest.
The standard cut-off for cost per QALY is
a. equal to per capita income b. 2 times per capita income c. 3 times per capita income d. 4 times per capita income e. 5 times per capita income