Bonnie volunteers to help make floral arrangements at a flower shop. She is an example of
A) entrepreneurial ability.
B) labor.
C) physical capital.
D) human capital.
B
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Under autarky, consumer surplus is represented by the area
A) above the supply curve and below the equilibrium price. B) above the demand curve and below the supply curve. C) below the demand curve and above the equilibrium price. D) above the supply curve and below the demand curve.
If oil is considered a non-renewable resource, than oil is a. an unlimited resource
b. a scarce resource. c. not a productive resource. d. has no opportunity cost.
TANF sets a lifetime cap for benefits at 10 years.
Answer the following statement true (T) or false (F)
Overproduction of farm products in the European Community has been primarily the result of:
A. Low U.S. tariffs on imports of farm products B. Subsidies to farmers in the European Community C. Increasing world trade in agricultural commodities D. Quotas imposed by the European Community on imported products