Which of the following are examples of intellectual property?
a. stocks and bonds
b. houses, land, factories
c. clothing and jewelry
d. books, music, movies
d. books, music, movies
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Refer to the figure above. When the demand curve for gas is D1 and the supply curve for gas is S, the equilibrium price is:
A) $3. B) $5. C) $6. D) $8.
Government restrictions on the use of an open-access resource
a. may improve efficiency b. will decrease efficiency c. are unnecessary d. contribute to pollution of the resource e. contribute to depletion of the resource
The text suggests that if economists had a mantra, it would be:
A. justice is the measure of all things. B. trade is good. C. when one person benefits, another is hurt. D. do unto others before they do unto you.
Individuals rationally choosing career paths should weigh the preparation costs to the potential incomes generated within those careers
Indicate whether the statement is true or false