The economic problem refers to
A. not having enough money.
B. the attempt "to secure the greatest amount of pleasure with the least possible outlay".
C. the notion that the wealth of nations depends on that country's ability to produce goods and services.
D. None of the choices are true.
D. None of the choices are true.
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New airplanes, which normally consume less fuel per passenger-mile, become less efficient for commercial airlines to purchase and use as
A) average flight distances lengthen. B) fewer non-stop flights are scheduled. C) fuel prices fall. D) the demand for airline travel increases. E) the price of new airplanes falls.
If the firm in the above figure produces output level D, it incurs an average fixed cost of production equal to the distance
A) DK. B) RN. C) JL. D) KR.
If unskilled labor is relatively plentiful and cheap in many foreign countries, then as the United States expands its trade with these foreign countries, the domestic demand for
a. unskilled labor will rise and skilled labor will fall. b. skilled labor will rise and unskilled labor will fall. c. both skilled and unskilled labor will rise proportionately. d. both skilled and unskilled labor will be unaffected, assuming no barriers to free trade.
Referring to Figure 1.5, the opportunity cost of producing the second unit of pizza is 
A. one unit of soda. B. six units of soda. C. three units of soda.