A creative entrepreneur is one who knows how to
a. Run a business
b. Escape the burden of taxes
c. Profitably exploit money making opportunities
d. All of the above
c
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Consider a simple linear regression model, wage = 
+
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In oligopoly pricing, firms are caught in a situation called prisoner's dilemma when they
A. compete aggressively and earn low profits. B. compete aggressively and earn high profits. C. cooperate to minimize prices. D. cooperate to maximize profits.
Assume the standard trade model with two countries (Alpha and Beta), two goods (food and drink), and two factors of production (land and labor). Further assume that Alpha is relatively labor-abundant and food is relatively land-intensive. According to the Heckscher-Ohlin theory, Alpha has a comparative advantage in the production of
A. both goods. B. neither good. C. drink. D. food.
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The slope of isocost AB is
A. greater than the slope of isocost CD. B. less than the slope of isocost CD. C. equal to the slope of isocost CD. D. indeterminate from this information, as the prices of capital and labor are not given.