Which of the following would cause an increase in human wealth?
A) a permanent increase in salary
B) an increase in the value of one's house
C) an increase in the value of one's stock portfolio
D) all of the above
E) none of the above
A
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Many college football teams require a "donation" in order to purchase season tickets. This is
A) price gouging. B) a tie-in sale. C) two part pricing. D) anti-competitive behavior.
Suppose that opportunity costs are constant and that Gorge can either bake a maximum of six pies or three cakes in a day. Brandi can produce a maximum of eight pies or two cakes in a day. Brandi has an comparative advantage in the production of
A. pies. B. cakes. C. both cakes and pies. D. neither cakes nor pies.
Provide two examples of a government barrier to entry
What will be an ideal response?
Examples of discount bonds include
A) U.S. Treasury bills. B) corporate bonds. C) U.S. Treasury notes. D) municipal bonds.