Refer to Table 2-18. What is Mickey's opportunity cost of making an umbrella?
A) 1/5 of a hat B) 5 hats C) 10 hats D) 50 hats
C
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If polluters are forced to pay for the cost of their pollution, they will reduce pollution toward a socially optimal amount.
Answer the following statement true (T) or false (F)
A demand-pull inflation can be described as ________ shifts in the AD curve and ________ shifts in the SAS curve.
What will be an ideal response?
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If three microwave ovens are produced, Micro Oven's total variable costs are
A. $150. B. $200. C. $300. D. $500.
The National Rifle Association (NRA) lobbies aggressively for the interests of gun owners. For example, the NRA has been instrumental in passing conceal-and-carry laws in several states. Such behavior on the part of NRA is called
A. rent-seeking behavior. B. government failure. C. discrimination. D. consumer loss.