What is one reason a gift card might be less desirable than cash?
A) A gift card requires an individual to purchase from a particular store, which restricts the choice set.
B) Cash requires an individual to purchase from a particular country, which restricts the choice set.
C) Cash and the gift card are equally desirable, there is no problem here.
D) Gift cards are easier to steal or lose relative to cash.
A
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Assumptions in models tend to make
A) the model predict what the scientist wants the results to be. B) the model more realistic. C) the model more applicable to specific circumstances. D) the model always predict the future accurately.
The incidence of cigarette taxes falls mainly on
A. smokers. B. retail sellers of cigarettes. C. cigarette producers. D. people who are no longer exposed to second-hand smoke.
Over the period from 1870 to 2010, the growth of real GDP per capita tended to be more rapid between ________, particularly for ________.
A. 1870-1950; the United States B. 1950-2010; Japan C. 1870-1950; Canada D. 1870-1950; Japan
Suppose the market consists of 3 individuals: Citizen A, Citizen B and Citizen C. 
If the good shown on the graphs is a public good, then the marginal benefit of the 30th unit is:
A. $4 B. $30 C. $2 D. $9