After adjusting for inflation, over time the prices of most natural resources have been
a. steady or falling, meaning that our ability to conserve them is growing more rapidly than their supplies are dwindling.
b. steady or falling, meaning that their supplies are dwindling more rapidly than our ability to conserve them is growing.
c. rising, meaning that our ability to conserve them is growing more rapidly than their supplies are dwindling.
d. rising, meaning that their supplies are dwindling more rapidly than our ability to conserve them is growing.
a
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Regarding the regional distribution of population,
(a) New England as a whole continued to increase in its population base faster than the Middle Colonies throughout the colonial period. (b) Virginia had the smallest population of any colony at the time of the Revolution. (c) at the end of the colonial period, nearly half the total colonial population resided in the five Southern colonies. (d) the distribution remained firmly concentrated in what is now called the thirteen original colonies.
. An employer that only employs applicants who have college degrees is an example of
A. proofing. B. moral hazard. C. screening. D. mandating that information be shared.
Upon graduating from high school you have a job offer which would provide you with $20,000 in income for the coming year. You have also been accepted to Isaac and Avery college. Tuition for the coming year at I&A college is $15,000 . room and board is $10,000 and you expect that books will cost you $2,000 . What is the opportunity cost of attending I&A college?
a. $37,000 b. $27,000 c. $20,000 d. $32,000 e. $47,000
The distribution of income in a market economy is primarily determined by differences in
a. effort and sacrifice and intelligence with the most important factor being intelligence since human capital is a resource b. the level of needs of the average or median income individual when selling her labor c. resource ownership and the value that resources buyers place on the resources that are sold in the marketplace d. the level of government intervention in the economy as it relates to job openings e. the amount of time that an individual spends working and the intensity of this effort