Which of the following is NOT money
What will be an ideal response?
checks in the checkbook
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During recent years, Green Revolution scientists have
a. focused on techniques of organic farming b. focused primarily on developing new strains of wheat and corn c. produced seeds for a greater variety of crops d. engaged in little activity since their funding has been cut off e. focused on political issues of agriculture in developing countries
One of the most famous cartels is OPEC
a. True b. False Indicate whether the statement is true or false
Which of the following is evidence of a shortage of chocolate?
A) Firms lower the price of chocolate. B) The price of chocolate is raised in order to increase sales. C) The equilibrium price of chocolate falls due to a decrease in demand. D) The quantity of chocolate demanded is greater than the quantity supplied.
You paid $35 for a ticket (which is non-refundable) to see SPAM, a local rock band, in concert on Saturday. Assume that $35 is the most you would have been willing to pay for a ticket. Your boss called, and she is looking for someone to cover a shift on Saturday at the same time as the concert. You would have to work 4 hours and she would pay you $11/hr. The psychic cost to you of working is $2/hr. Your economic surplus from going to work instead of seeing SPAM on Saturday is:
A. $1 B. $36 C. $0 D. $35