Joshua's indifference curves for two products are shown below: 
Which of the following indifference curves is the least preferred?
A. U1
B. U2
C. U3
D. Unclear given the current information
Answer: A
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Refer to Table 2-5. Finland has a comparative advantage in the production of
A) lumber. B) neither product. C) cell phones. D) both products.
The new classical model has as its central idea that
A) workers and firms have rational expectations. B) wage and price stickiness explain fluctuations in real GDP. C) shifts in aggregate demand have no impact on real GDP. D) the Federal Reserve should adopt a monetary growth rule.
How does the liquidity premium theory explain an upward sloping yield curve during normal economic times?
What will be an ideal response?
When marginal tax rates are constant,
A. the change in taxes paid is the same as the change in income. B. the change in taxes paid is greater than the change in income. C. the change in taxes paid is less than the change in income. D. there are no taxes. E. none of these answer options are correct.