Which of the following students would be most likely to drop out of college before completing their degree? Select one:
a. a senior physics major with a solid B average
b. a junior secondary education major who has just read about the substantial improvement in the job opportunities available for teachers with a college degree.
c. an outstandingbaseball player in his junior year that just received a $500,000 offer from a professional team
d. a junior economics major who wants to attend law school
c. an outstandingbaseball player in his junior year that just received a $500,000 offer from a professional team
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Relative to free trade, domestic consumers of a good are ________ off with a tariff because of the ________
A) better; higher price and greater quantity sold B) better; higher price and smaller quantity sold C) better; lower price and greater quantity sold D) worse; lower price and smaller quantity sold E) worse; higher price and greater quantity sold
Given the information in the table above, if the world equilibrium price of widgets were 4 cloth, then
A) both countries could benefit from trade with each other. B) neither country could benefit from trade with each other. C) each country will want to export the good in which it enjoys comparative advantage. D) neither country will want to export the good in which it enjoys comparative advantage. E) both countries will want to specialize in cloth.