________ is the property of an entity whose individual units are interchangeable.
A. Representativeness
B. Progressivity
C. Availability
D. Fungibility
Answer: D
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Countries gain from specializing in producing goods in which they have ________ and trading for goods in which other countries have ________
A) a comparative advantage; an absolute advantage B) an absolute advantage; an absolute advantage C) an absolute advantage; a comparative advantage D) a comparative advantage; a comparative advantage
Because individuals can move from one government jurisdiction to another, _____
a. governments tend to cooperate with one another b. governments tend to look alike c. governments tend to merge into larger governments d. governments tend to give constituents what they want
See the information in Scenario 4.4. Does the demand curve for Rock and Roll Trivia slope downward?
A) Yes it does. B) No it does not. C) More information is needed to answer this question.
A large inheritance from a relative will tend to
a. cause movement up and to the right along your labor supply curve b. cause movement down and to the left along your labor supply curve c. shift your labor supply curve outward d. shift your labor supply curve inward e. make the income effect of a wage increase positive