In the diagram below, the economic rent is represented by 
A. area B.
B. area A.
C. areas B and C.
D. areas A and B.
Answer: A
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A federal system of governments can limit the problems posed by special interests because _____
a. it provides voters with other governments to compare to their own b. it increases the number of legislatures to oversee the bureaucracies c. it decreases rational ignorance d. b and c
One cause of low rates of marriage among black women is the decline in the pool of marriageable men
Indicate whether the statement is true or false
Economics is a social science that primarily explores how: a. businesses market products under competitive conditions
b. stock and bond prices fluctuate when there are changes in demand or supply. c. the government allocates its budget among competing political interests. d. goods and services are consumed, produced and distributed in a world with limited resources.
Two inputs ______ when they must be combined in a fixed ratio.
A. are perfect substitutes B. are perfect complements C. represent Cobb-Douglas technology D. are fixed inputs