Mamihlapinatapai is a one-word summary of the volunteer's dilemma from
A) Buddhist monks in Thailand.
B) ancient Hawaii.
C) the Maasai tribe of Tanzania.
D) the Yaghan Indians.
D
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The idea of increasing opportunity cost is reflected in the
A) bowed in shape of the production possibilities frontier. B) bowed out shape of the production possibilities frontier. C) linear shape of the production possibilities frontier. D) fact that the PPF shows there are unattainable production points. E) positive slope of the production possibilities frontier.
When local governments ignore all other considerations and award cable TV franchises to the firms that offer the highest money bids, they
A) discriminate against the poor. B) encourage corruption. C) introduce delay into the system but increase its efficiency. D) reduce the likelihood of illegal bribes. E) increase the likelihood the winning firm will be incompetent.
The value of a loan of $100,000 after a year at 5 percent interest is:
A. $5,000. B. $95,000. C. $105,000. D. None of these is true.
The Social Security payroll tax tends to be regressive
a. True b. False Indicate whether the statement is true or false