As a scientist, an economist's main professional objective is to become wealthy
a. True
b. False
B
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Refer to Figure 4-1. What is the total amount that Kendra is willing to pay for 2 ice cream cones?
A) $1.50 B) $3.00 C) $5.50 D) $6.50
Suppose that for the nation of Calliope, the debt-to-GDP ratio is 325%, the average annual growth rate is 1.1%, the average inflation rate is 0.5%, and the average nominal interest rate is 2.2%
Based on this information, determine if fiscal policy is sustainable in Calliope, and if not, what the primary budget deficit would have to be to make fiscal policy sustainable.
In some cases, social regulation may alter individuals' behavior. For example, there is evidence to indicate that as more automobile safety regulations have been introduced, more individuals have begun to drive recklessly
This phenomenon is known as A) the feedback effect. B) the share-the-gains effect. C) the share-the-pains effect. D) the capture effect.
Recall the Application about productivity in the nation of Latvia in the 1990s to answer the following question(s). According to this Application, workers in the European Community were more productive than workers in Latvia in the 1990s, yet the European Community still purchased products from Latvia. This is because Latvia ________ in the production of the products it sold to the European Community.
A. had an absolute advantage B. had a comparative advantage C. used fewer resources D. had a higher opportunity cost