To restrict a wilderness area in the public domain to a particular group in the general public, say the motorists or snowmobilers of today, is
(a) democratic.
(b) consistent with Thomas Jefferson's view on federal ownership of land.
(c) undemocratic.
(d) non-discriminatory.
(c)
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People debate whether or not the U.S. should allow for greater oil exploration in Northern Alaska. According to the economic way of thinking, the debate is rooted in
A) different perceptions about the additional benefits and the additional costs of oil exploration in Northern Alaska. B) a complete lack of appreciation of the value of wildlife and the ecology of Northern Alaska. C) a complete lack of appreciation of the value of oil in world affairs. D) politics rather than economics.
Which of the following factors has the most quantitative importance on the oversimplified multiplier formula?
a. it ignores variable imports b. it ignores price-level changes c. it ignores income taxes d. All of these equally affect the oversimplified multiplier formula
The elasticity of labor supply:
A. for a town should equal the elasticity of labor supply for a state. B. should be greater for a state than for a town because people can travel more easily between states than between towns. C. should be greater for a town than for a state because people are more likely to consider work in a neighboring town than in another state. D. for a town is not related to the elasticity of labor supply for a state.
A linear function can be distinguished by
A. The changing relationship between the two variables. B. The continuous change in its slope. C. A shift in the function. D. The same slope throughout the line.