Who said the nation was "ill-fed, ill-clothed, and ill-housed?"
A. Herbert Hoover
B. Franklin D. Roosevelt
C. Lyndon B. Johnson
D. Jimmy Carter
B. Franklin D. Roosevelt
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With an increase in income, we can predict that a consumer will choose a new market basket
a. on a lower indifference curve. b. on the same indifference curve but the new budget line. c. on a higher indifference curve that passes through the new budget line. d. on a higher indifference curve that is tangent to the new budget line
Refer to the table above. For trade to occur along the lines of comparative advantage, wages in A relative to wages in B (measured in the same currency)
A) must be at least twice but less than 3 times as great. B) must be less than three times as small. C) must be greater than $2 but less than $3. D) Need more information to answer.
Suppose a particular production process results in a large amount of pollution and the government decides to impose a tax to correct for this externality, such that the socially optimal output will be produced. The tax will have the effect of shifting the
A. marginal private benefit curve to the right. B. marginal social benefit curve to the right. C. marginal private cost curve to the left. D. marginal social cost curve to the left. E. marginal private cost curve to the right.
According to Peter Thiel's book Zero to One, firms are always working toward:
A. dynamic monopoly. B. oligopoly. C. perfect competition. D. monopolistic competition.