Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. Jesse's opportunity cost of painting one snowboard is painting

The branch of economics which studies how households and firms make choices, interact in markets, and how government attempts to influence their choices is called

A) microeconomics. B) positive economics. C) normative economics. D) macroeconomics.

Which of the following is an example of an exhaustible resource?

A) silver B) soybeans C) pork belly D) pound cake