Roughly what was the change in Chile's per capita GDP between 1960 and 2011?

A) 2.65%
B) 26.5%
C) 265%
D) 2,650%

C

Economics

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The above figure shows the competitive market for turkey. The consumer surplus for the 300 millionth pound of turkey is

A) $2.00 per pound. B) $225 million. C) $0.80 per pound. D) $0.50 per pound.

Economics

Consider two lottery winners, Tino who is 65 years old and Sasha who is 32 years old. Which of these two would be expected to have the larger income effect, all else equal?

A) Sasha B) Tino C) Both would have no income effect. D) Both would have equal income effects.

Economics