The ________ effect means that, other things remaining the same, the higher the wage rate, the less time people will spend working and the more time people will spend at leisure

A student is working on a group class-project where the same grade is assigned to everyone in the group. He chooses to not contribute to the project. What term best describes this situation?

a. Moral hazard b. Tragedy of the Commons c. Public good problem d. Free Rider Problem

What country is our largest trading partner, as measured by exports and imports?

a. Japan. b. The United Kingdom. c. China. d. Canada. e. Mexico.