An electrician quits her current job, which pays $40,000 per year. She can take a job with another firm for $45,000 per year or work for herself. The opportunity cost of working for herself is

In 2012, consumers in Dexter consumed only books and pens. The prices and quantities for 2012 and 2013 are listed in the table above. The reference base period for Dexter's CPI is 2012. What is the cost of the CPI basket in 2012?

A) $430 B) $335 C) $320 D) $540

If a nation imposes a tariff on imports, the portion of the tax paid by citizens depends upon

A. elasticity of demand. B. elasticity of supply. C. how important the good is. D. income elasticity. E. cross elasticity of demand with domestic products.