The statement that "increases in the tax on gasoline increase the price of gasoline" is an example of a
A) marginal statement.
B) normative statement.
C) rational-decision statement.
D) macroeconomic statement.
E) positive statement.
E
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Refer to the scenario above. What is the opportunity cost of printing one notebook?
A) 0.5 magazines B) 1 magazine C) 2 magazines D) 30 magazines
Members of the European Union decided to adopt a single currency by what year?
A) 2008 B) 2005 C) 1999 D) 1992
Generally, most of the world's industrial countries believe that central banks should be independent of their governments
a. True b. False Indicate whether the statement is true or false
Which of the following is not an explanation for why better educated workers earn more, on average, than less educated workers?
a. The higher wages may be a compensating differential for the cost of acquiring the education. b. Workers with a college degree signal their higher abilities to potential employers. c. Skilled labor is increasingly becoming a substitute for unskilled labor, which raises the earnings of workers with more education. d. Better educated workers are more productive, on average.