Herbert Simon, one of the first social scientists to combine the study of economics and psychology, suggested that humans should be viewed as
a. rational maximizers.
b. satisficers.
c. independent thinkers.
d. signalers.
b
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Tax loopholes
a. reduce the progressivity of the federal income tax. b. encourage particular patterns of behavior. c. include exemption of interest earned on municipal bonds. d. All of the above are correct.
Suppose that Nepal invests less in new factories and equipment than does the United States. This will likely cause:
A. The U.S.'s production possibilities curve to shift inward faster than Nepal's. B. Nepal's production possibilities curve to shift outward faster than the U.S.'s. C. The U.S.'s production possibilities curve to shift outward faster than Nepal's. D. Nepal's production possibilities curve to shift inward faster than the U.S.'s.
If an economy experiences growth in productivity without growth in its labor force, it will grow.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 
Figure 7.10Refer to Figure 7.10. The slope of the isocost line (in absolute value) is
A. greater than 1. B. less than one. C. equal to 1. D. equal to 0.