Studies find that mutual fund managers who do well in one year are likely to do well the next year
a. True
b. False
Indicate whether the statement is true or false
False
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The above figure shows the Lorenz curve for wealth for the nation of Rusha. The wealthiest forty percent of the population own what percent of wealth?
A) 40 percent B) 50 percent C) 60 percent D) 100 percent
Both countries can benefit from trade when:
A. at least one country produces the good for which it has an absolute advantage. B. each specializes in producing the good for which it has a comparative advantage. C. each specializes in producing the good for which it has an absolute advantage. D. there are no trade barriers that are erected by either country.
Economists assume that the goal of consumers is to
A) do as little work as possible to survive. B) make themselves as well off as possible. C) spend all their income. D) consume as much as possible.
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The firm is currently along isocost CE. If the price of capital is $12, then the price of labor is
A. $8. B. $12. C. $80. D. $120.