Abstract terms like "cost of living" and "price level" are meaningless to ordinary individuals

The assertion that if resources are allocated efficiently, they also are allocated fairly is made by

A) all utilitarians. B) John Rawls, who proposed making the poorest as well off as possible. C) Robert Nozick, who believes that equality of opportunity is fair. D) all economists who understand the big tradeoff.

Refer to the information provided in Figure 13.1 below to answer the question that follows. Figure 13.1Refer to Figure 13.1. Of the following choices, Panel B best represents the demand curve for

A. an individual producer of soybeans. B. insulin. C. a utility company. D. Samsung televisions.