The Endangered Species Act is an attempt to
A. protect endangered species from the overzealousness of many environmentalists.
B. protect species endangered because there are no private property rights on them.
C. protect endangered species against greedy loggers, farmers, and business people.
D. prevent some people from earning a good living.
Answer: B
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The U.S. Social Security tax is an example of a
A) progressive tax. B) proportional tax. C) premium tax. D) regressive tax.
Pair-wise majority voting entails:
A. voting on options that is done in pairs, and the majority vote wins. B. one vote with many options, and the option with the most votes wins. C. voters ranking all available options and the option most approved of wins. D. None of these describes pair-wise majority voting.
Refer to Figure 36.4 for the dollar-yen foreign exchange market. A decrease in demand from D1 to D2 could have been caused by
A. An increase in the number of Japanese visitors to the United States. B. A quota placed on Japanese television imports to the United States. C. A poor performance by the Japanese stock market compared to the U.S. stock market. D. A decrease in the demand for U.S. computers.
Amy can produce either 5,000 pounds of cheese or 20 cars per year. Mike can produce either 5,000 pounds of cheese or 10 cars per year. Mike's opportunity cost of producing one pound of cheese is ________ car(s).
A. 1/250 B. 500 C. 1/500 D. 1/10