Jessica traded her string cheese for Jamie's apple the other day at lunch. Who was made better off?
A. Both Jessica and Jamie
B. Jessica
C. Neither Jessica nor Jamie
D. Jamie
Answer: A
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Specialization is the result of:
A) hiring experienced workers. B) paying higher wages to experienced workers. C) workers developing a certain skill set. D) increased demand for a firm's commodity.
Until 1863, National Banking was a mix of licensing by state charters, banking done by nonchartered private bankers, and free banking
Indicate whether the statement is true or false
Which of the following is a possible cause of an increase in profit from the sale of goods and services?
a. A decrease in the per capita income of consumers b. A decrease in the price of a substitute good or a service c. An increase in the availability of raw materials d. A decrease in the price of a good or service, everything else held constant e. An increase in the price of a good or service, everything else held constant
The courts in some states have declared the financing of public schools by local property taxes unconstitutional because
a. housing should never be the basis for taxation of any kind. b. taxes on real estate generate too much tax revenue. c. disparity in property values means some communities have more in tax revenues to spend on education than do communities containing less valuable property. d. the funds for public education should come from federal revenues, not from local property taxes.