The gold standard ended with the:
a. rise of Napoleon to power.
b. American Declaration of Independence.
c. outbreak of World War I.
d. first Arab oil embargo.
e. presidency of Richard Nixon.
c
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Max has allocated $100 toward meats for his barbecue. His budget line and an indifference map are shown in the above figure. Which of the following bundles are in Max's opportunity set?
A) a, b, c B) b, d, e C) a, b, d D) None of the above.
Which of the following would be a private cost to a cigarette manufacturer?
a. price of leaf tobacco b. cost to the government of the hospital expenses of indigent smokers c. increased risk of cancer to the nonsmoking passengers in the smoker's car pool d. price of a pack of cigarettes e. loss in utility received because the smoker must stand outside her office building in the winter to smoke