Someone who earns her living rolling out pizza dough
A) is inefficiently employed if she could shift to another occupation and produce more than the person she replaces.
B) is inefficiently employed if someone else could roll out more dough in less time.
C) thinks she has a comparative advantage in rolling out pizza dough.
D) All of the above are true.
C
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What is the fundamental principle that economists use when evaluating the costs and benefits of production?
A) cost of goods principle B) production principle C) marginal principle D) supply and demand principle
If a candidate for political office was espousing a "pro-growth" agenda and was focused on decreasing government regulations, this would have its greatest impact on growth through which source?
A. An increase in the productivity of workers B. An increase in economic freedom C. An increase in the number of workers D. None of these