You own Star Wars - The Last Jedi on DVD. The opportunity cost of watching this DVD for the fourth time
A. is zero, since you own it.
B. is one-fourth the cost of the DVD, as this is the fourth time you have watched it.
C. must be the same as the opportunity cost of watching it the first time.
D. is the value of the alternative use of the time you spend watching the DVD.
Answer: D
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Colonial production of tobacco satisfied England's mercantilist interests because:
a. it provided a substitute for imported Spanish tobacco. b. its poor quality discouraged English youth from smoking. c. it provided a good that could be taxed by the English. d. it ensured that the colonists would remain dependent on England for food.
The federal income tax _____________ compared to a state sales tax.
A. has a lower administrative burden B. is less efficient C. is less complex D. is easier to administer
According to William Safire, "helpfulism" is basically protectionism
a. True b. False Indicate whether the statement is true or false
The official data on employment and unemployment in the U.S. economy are derived from
What will be an ideal response?