The opportunity cost of going to the movies is always the same for everyone
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Table 2-12. Guatemala has a comparative advantage in the production of
A) sailboats. B) canoes. C) both products. D) neither product.
The dire predictions about the underfunded nature of Social Security, Medicare, and state and local pensions could be wrong because
A. interest rates may turn out to be higher in the future. B. unemployment rates may turn out to be higher than they are currently predicted to be. C. taxable incomes may turn out to be lower than they are currently predicted to be. D. benefits could be curtailed from what they are currently predicted to be.
Which statement is true?
A. William Julius Wilson and Charles Murray are basically in agreement about the causes of the formation of a permanent underclass. B. The permanent underclass has more white members than black members. C. There is very little evidence to show that there is actually a permanent underclass. D. There are more poor whites than poor blacks in the United States.
Refer to the accompanying table. The marginal utility of the 4th dinner out per week is: Number of DinnersOut Per WeekTotal UtilityMarginal Utility1100 2 753235 4250
A. 250. B. 75. C. 60. D. 15.