Who knows how to measure the true cost of a pint of B-positive blood?
A) An economist
B) A clerk at the blood bank
C) Only the Surgeon General of the United States
D) Any competent medical authority
E) None of the above.
E
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Why do countries peg their currencies, and what problems can result from pegging?
What will be an ideal response?
According to the graph shown, if this economy were open to free trade, how many units would be exported?
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. 35
B. 85
C. 120
D. 75
Suppose that Nepal invests less in new factories and equipment than does the United States. This will likely cause:
A. The U.S.'s production possibilities curve to shift inward faster than Nepal's. B. The U.S.'s production possibilities curve to shift outward faster than Nepal's. C. Nepal's production possibilities curve to shift inward faster than the U.S.'s. D. Nepal's production possibilities curve to shift outward faster than the U.S.'s.
Who believed that small disturbances in output, prices, or unemployment were likely to be magnified by the invisible hand of the marketplace?
A. Adam Smith. B. John Maynard Keynes. C. Jean-Baptiste Say. D. President Herbert Hoover.