Refer to the scenario above. Jack will derive ________ units of utility if he tries to move the tree while Jill does not try at all

The phenomenon that describes how transfer programs, which significantly reduce the adversities of poverty, also reduce the opportunity cost of choices that often lead to poverty is known as

a. the implicit marginal tax rate. b. Gibson's paradox. c. the Phillips curve d. the Samaritan's dilemma.

A perfectly price elastic demand curve will be a ________ line.

A. vertical B. horizontal C. positively sloped D. negatively sloped