Referring to Figure 34.2, the number of tickets that this promoter will choose to sell will 
Figure 34.2
A. sell out the facility and will be more than capacity.
B. be more than capacity.
C. be such that there are many empty seats.
D. sell out the facility.
Answer: D
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Changes in government spending are not likely causes of business cycles because changes in government spending predict
A) countercyclical real wages. B) procyclical real wages. C) countercyclical employment. D) procyclical employment.
Explain why the portion of the national debt owed to foreigners is a serious matter, whereas the portion owed to U.S. citizens is of less concern. Why does the U.S. national debt pose less of a problem than the debts of Greece in 2010?
The behavior of market prices over time indicates that natural resources are
a. a limit to economic growth. b. unrelated to economic growth. c. not a limit to economic growth. d. the major determinant of productivity.
A prisoner's dilemma illustrates situations in which:
A. there is a conflict between the narrow self-interest of individuals and the broader interests of a group. B. efficiency is an important social goal. C. resources with the lowest opportunity cost should be used first. D. everyone does best when each person specializes in the activities in which he or she has a comparative advantage.