The original research that culminated in the Internet was sponsored by
A. The Defense Department.
B. NASA.
C. Microsoft.
D. Al Gore.
Answer: A
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Table 3-1 Peanuts Corn (Bushels) (Bushels) 0 55 10 50 20 42 30 28 40 0 ? Suppose a farmer is currently producing 50 bushels of corn and 10 bushels of peanuts. According to Table 3-1, the opportunity cost of 10 additional bushels of peanuts is
A. 8 bushels of corn. B. 42 bushels of corn. C. 50 bushels of corn. D. impossible to determine from the information given.
Horizontal equity in taxation refers to the idea that people
a. in unequal conditions should be treated differently. b. in equal conditions should pay equal taxes. c. should be taxed according to their ability to pay. d. should receive government benefits according to how much they have been taxed.
Which of the following statements is correct?
A. In a first-best world, imports would not cause import-competing firms to go out of business and workers in these industries to lose their jobs. B. In a first-best world, if rising import competition is driving domestic producers out of business, the government must intervene to protect the domestic firms. C. The most efficient policy to maintain production in import-competing industries is to impose barriers on imports. D. If we want to help workers who lose jobs when a domestic industry shrinks, the specificity rule suggests that the government should provide subsidies to those workers to retrain or to relocate to areas where jobs are available.
Which of the following statements is false?
A. The production possibilities curve shows the combinations of goods that can be consumed by a nation before trade begins. B. The production possibilities curve shows the combinations of goods that can be consumed by a nation after trade and specialization begins. C. The production possibilities curve shows the combinations of goods that can be produced by a nation before trading begins. D. The production possibilities curve shows the combinations of goods that can be produced by a nation after trade and specialization begins.