The opportunity cost of college is the same for all students who are receiving full-tuition scholarships
a. True
b. False
B
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Use the figure below to answer the following question.
What area represents producer surplus after the government imposes the excise tax on the market?
A. triangle $21a$13 B. square $13ac$9 C. triangle abc D. triangle $1c$9
Neuroeconomics is
A) the study of the activity of a human brain when the person makes economic decision. B) the study of how people behave when they face scarcity. C) the study of situations in which people act economically irrationally. D) the study of how people make decisions at the margin.
An increase in real GDP
A) increases the buying and selling of goods and decreases the demand for money as a medium of exchange. B) decreases the buying and selling of goods and decreases the demand for money as a medium of exchange. C) decreases the buying and selling of goods and increases the demand for money as a medium of exchange. D) increases the buying and selling of goods and increases the demand for money as a medium of exchange.
Which of the following best defines final-offer arbitration?
A. An arbitrator produces a contract that the union and firm are both encouraged to accept. B. An arbitrator chooses the firm's last offer or the union's last offer, and both sides must abide by whichever contract is chosen. C. After a short strike, the union offers a final contract to the firm that the firm must accept. D. Final-offer arbitration occurs when the firm threatens to shut down unless the union accepts the firm's final offer. E. An arbitrator facilitates a discussion between the union and firm after the cool-down period has expired.