The payoff matrix below shows the daily profit for two firms, Row Restaurant and Column Cafe, for two different strategies, publishing coupons in the student paper and not publishing coupons in the student paper. 
If Column Cafe publishes coupons and Row Restaurant does not, then Row Restaurant will earn ________, and Column Cafe will earn ________.
A. $25; $25
B. $120; $120
C. $200; $10
D. $10; $200
Answer: D
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Refer to the table above. Country A has a comparative advantage in
A) beer. B) wine. C) both beer and wine. D) neither beer nor wine.
When a country is producing goods and services efficiently it:
A. is producing at a point on or below its production possibilities frontier. B. is getting the most output by using all its available resources. C. has unemployed workers. D. is able to reach a point beyond its production possibilities frontier.
Historical data shows that if consumption increases by $80 billion when national income rises from $100 billion to $200 billion, then consumption will increase by less than $80 billion when national income rises from $200 billion to $300 billion
Indicate whether the statement is true or false
Explain the difference between correlation and causation. Give an example of each.
What will be an ideal response?