If you made a wish list of things you wanted but did not now have, they you became able to have the things on that list, scarcity would be eliminated
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Figure 4-9. What is the size of the unit tax?
A) $8 B) $5 C) $3 D) cannot be determined from the figure
Which of the following is considered a potential solution to some regulatory capture?
A)Bringing industry experts into the regulatory process B)Government subsidies for firms in the industry C)Creating a standard set of regulations for all industries D)Deregulation of the industry
Using equal amounts resources, country a can produce either 30 tons of mangoes or 10 tons of bananas, and country b can produce either 10 tons of mangoes/bananas. Which of the following is consisted w/ the info above
A key assumption of new growth theory is that
A) all technological change is the result of luck. B) higher incomes lead to a higher birth rate. C) a successful innovator has the opportunity to earn a temporary, above-average profit. D) the population growth rate is lower than the real interest rate.