Within the city of New Orleans, most of the victims of Hurricane Katrina were
A. rich and white.
B. rich and black.
C. poor and white.
D. poor and black.
D. poor and black.
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Refer to Figure 2-6. If the economy is currently producing at point C, what is the opportunity cost of moving to point B?
A) 26 thousand forks B) 20 thousand spoons C) 46 thousand forks D) 40 thousand spoons
Comment on the following statement: "If one player in the game does not have a dominant strategy, it is impossible to predict the outcome of the game."
What will be an ideal response?
Assume that the hourly price for the services of personal trainers has risen and sales of these services have also risen. One can conclude that
A) personal trainers are deliberately charging high prices because they provide services for wealthy clients. B) the demand for personal trainers has increased. C) the law of demand has been violated. D) the number of personal trainers has increased.
The market for Pandas needed in zoos worldwide is an example of a monopoly created by what type of barrier?
a. license b. economies of scale c. control of an essential resource d. none of the above, the market for pandas is not a monopoly