If trade between two countries is voluntary, one can expect that
a. one country's gain is necessarily the other's loss.
b. one country will exploit the other one.
c. neither country really gains from trade.
d. the larger country will always gain at the expense of the smaller.
e. both countries expect to gain something.
e
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An individual will never buy complete insurance if:
a. he or she is risk averse. b. insurance premiums are unfair. c. he or she is a risk taker. d. insurance premiums are fair.
Any point above the budget line
a. is unaffordable. b. means you have spent all your income. c. means you have some income left over. d. means none of the above.
Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. 
Figure 8.9
Refer to Figure 8.9. If this farmer is producing the profit-maximizing level of output, her total revenue is
A. $0. B. $8,400. C. $12,000. D. $16,800.
There are significant technological barriers to entry that help make the automobile industry oligopolistic
a. True b. False Indicate whether the statement is true or false