At any given time, which factor of production is NOT fixed?
A) labor
B) technology
C) entrepreneurship
D) land
E) money
A
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From the economic point of view, why might a sophomore in college spend a great deal of time getting to know an attractive classmate rather than getting to know the issues behind the president's deficit-reduction policies?
A) She is selfish. B) She considers it a more productive use of her time. C) She obviously has no interest in politics. D) The federal budget deficit cannot possibly affect her life.
A price floor set below the equilibrium price will result in a surplus
a. True b. False
Lawn-care services in Dallas, Texas, charge $20 to mow an average-sized yard. Explain why there is little deviation from this rate
Which of the following is not a prediction of the theory on baseball caps and cheating?
A) More people will wear baseball caps on test days than on lecture days. B) More people will wear baseball caps for multiple choice tests than for essay tests. C) More people will wear baseball caps when students sit close to each other in class and are taking a test than when students sit far apart from each other and are taking a test. D) Baseball caps are more likely to be worn on backwards (than frontwards) on test days than on lecture days. E) none of the above