An economic naturalist is someone who:
A. applies economic insights to understand everyday life.
B. studies the process of natural selection in a cost-benefit framework.
C. has an innate talent for using economic concepts.
D. uses economic arguments to protect the environment.
Answer: A
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In the United States, of the following decades inflation was highest during the ________.,
A) 1970s B) 1990s C) 1960s D) 2000s
A perpetual payment of $10,000, offered for sale at $125,000, is being offered at an effective yield of
A) 8%. B) 9.2% C) 12.5%. D) 80%. E) 92%.
A second-price auction
a. is also called an English auction b. is where the highest bidder wins and pays the amount of the next highest bid c. is where the sole remaining bidder wins and pays his winning bid d. all of the above
"A $1,000 tax paid by a poor person may be a larger sacrifice than a $10,000 tax paid by a wealthy person" is an argument in favor of
a. the horizontal equity principle. b. the benefits principle. c. a regressive tax argument. d. the ability-to-pay principle.