Given the demand curve in this graph, if price were $1.00, how much is consumer surplus?
A. $0
B. $1.50
C. $5.00
D. $10.50
C. $5.00
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Which of the following is an example of a club good?
A) a lighthouse B) burritos C) a high school football game D) redwood forests
Make a case that development economics might be merely a combination of all the other subfields of economics, only applied to low-income countries
What will be an ideal response?
Which statement is true?
A. Entrepreneurial ability is abundant in the U.S. B. The entrepreneur sets up a business and risks his or her own money. C. Land, labor and capital may be considered passive resources. D. All of the statements are true.
If we compared the total of the structurally and frictionally unemployed to the cyclically unemployed,
A. Cyclical would always be higher. B. Cyclical would usually be higher. C. Cyclical would rarely be higher. D. Cyclical would never be higher.