Which of the following students would be most likely to drop out of college before completing their degree?
What will be an ideal response?
an outstanding baseball player in his junior year that just received a $500,000 offer from a professional team
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Recall the Application. If country A has a lower overall income tax rate than country B, and labor can freely and easily move between the two countries, ________ in country A will tend to ________
A) labor demand; decrease B) labor supply; decrease C) labor demand; increase D) labor supply; increase
________ shows that if all resources are fully and efficiently utilized, more of one good can be produced only by producing less of another good
A) The mixed market system B) Comparative advantage C) The production possibilities frontier model D) Absolute advantage
U.S. imports rise when income in the United States increases
a. True b. False Indicate whether the statement is true or false
In a laissez-faire economy, what provides individuals the information needed to make decisions?
A. prices B. government C. insurance D. patents