Assuming a CEO has to sacrifice more than his assistant in order to engage in full-time typing, we would say that his assistant has a(n) ________ advantage in typing versus the CEO.
A. absolute
B. overwhelming
C. pecuniary
D. comparative
Answer: D
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The difference between a tariff and a quota is that the tariff revenue goes to the
A) domestic government. B) holder of the quota license. C) foreign government. D) domestic consumer. E) domestic producer.
Refer to the Article Summary. ________ depend on increases in labor productivity
A) Decreases in the unemployment rate B) Advances in technology C) Increases in real GDP per capita D) Decreases in the inflation rate
The theory of public choice
A) is the theory of how government decides on what military hardware to purchase. B) considers government decision-making efficient. C) is the study of collective decision making. D) is the study of how negative externalities can be reduced.
What is the opportunity cost of going from point D to point C?
