Recently, the NCAA agreed to loosen one of its key rules
A) by no longer restricting the number of games the member schools' teams can play.
B) by no longer limiting the number of scholarships student athletes.
C) by allowing colleges the freedom to reimburse athletes for the full cost of attending college.
D) by allowing colleges to pay salaries to college athletes.
Answer: C
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Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. Which of the following is true? The opportunity cost of:
A. 1 iPod in Country A is 2 tablets. B. 1 tablet in Country A is 2 iPods. C. tablets is lower in Country A than Country B. D. 1 iPod in Country B is 2 tablets.
Actions that reduce trade restrictions and promote free trade are often referred to as:
A. trade liberalization. B. trade protectionism. C. free trade politicism. D. autarky.
Other things equal, when Europeans want to buy more grains from the United States:
a. U.S. imports will increase. b. European exports will increase at every level of domestic income. c. U.S. exports will increase at every level of domestic income. d. the U.S. balance of payments will show a deficit. e. U.S. consumption spending will fall.
Wayne purchased 10 autographed Eli Manning football cards when he was 15 years old for a total cost of $50 and then sold those football cards 4 years later for $800. Due to these transactions
A. Wayne earned a dividend of $800. B. Wayne earned a dividend of $750. C. Wayne earned a capital gain of $750. D. Wayne earned a capital gain of $800.