When Italy buys Boeing jets, the price Italy pays is ________ if it produced its own jets, and the price Boeing receives is ________ than it could receive from an additional U.S. buyer
A) lower than; higher
B) higher than; higher
C) the same as; higher
D) lower than; lower
E) higher than; lower
A
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Which of the following policies would reduce frictional unemployment?
A) implementing an unemployment insurance policy B) a decrease in the minimum wage C) a job retraining program D) building an online job database that helps workers find jobs
Suppose that opportunity costs are constant and that Fred can either bake a maximum of six pies or three cakes in a day. Ethel can either produce a maximum of eight pies or two cakes in a day. Ethel's opportunity cost to produce one cake is
A) one-half pie. B) two pies. C) six pies. D) four pies.
The price of house paint, a normal good, has gone up. This change can be shown graphically as a:
A. shift in the demand curve to the right. B. shift in the demand curve to the left. C. movement along the demand curve to the right. D. movement along the demand curve to the left.
The highest incidence of those without health insurance occurs in which age category?
a. Under 18 years of age. b. 18-34 years of age. c. 35-44 years of age. d. 45-64 years of age. e. Over 65 years of age.