The key to reaching a Pareto optimum through mutually beneficial exchange _____
a. is to remove barriers to international trade
b. is to establish property rights for valuable resources
c. is to provide start-up capital to fledgling entrepreneurs
d. is to encourage people to use online auction services
b
Economics
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The night before a midterm exam, you decide to go to the movies instead of studying for the exam. You score 60 percent on your exam. If you had studied the night before, you'd have scored 70 percent
What was the opportunity cost of your evening at the movies? A) 10 percent off your grade B) 60 percent C) 70 percent D) zero
Economics
One important factor that affects economic growth is
A) gold reserves. B) the rate of saving. C) which political party is in power. D) the number of workers in heavy industry.
Economics