In the U.S. in 2012 the poverty level for a family of four was about

You have chosen to take a trip during spring break. If you had not gone, you would either have worked at a temporary job or studied for exams. The opportunity cost of your trip is

A) the wages you would have earned from working. B) the lower grade earned by not studying. C) the wages you would have earned from working and the lower grade earned by not studying. D) the value of the tri

Governments create monopolies through patents and copyrights in order to do which of the following?

a. Limit the number of firms in the industry b. Control what is produced and consumed c. Encourage innovation of new products and technology d. Encourage a firm to increase in size