Jane is willing to pay $4 for the first cup of coffee a day, $2.50 for the second cup, and $1 for the third cup, after which she won't buy any coffee. The price of a cup of coffee is $2.40. How many cups of coffee per day will Jane buy?

The belief that everyone should have exactly the same amount of income is

A) merit standard. B) comparable-worth doctrine. C) egalitarian principle. D) Lorenz principle.

Which of the following is FALSE about intraindustry trade?

A) Intraindustry trade creates gains from trade. B) Intraindustry trade is due to comparative advantage. C) Intraindustry trade may involve heightened competition and lower prices for consumers. D) Intraindustry trade increases consumer choice.