Which is not one of the four basic questions used by economists to break down problems?
A. What do others think?
B. What are the trade-offs?
C. How will others respond?
D. Why isn't everyone already doing it?
A. What do others think?
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The American Bar Association administers the bar examinations that prospective lawyers must pass before being allowed to practice law. The exam system thus allows the ABA to act like a
a. monopsony. b. union that can restrict the supply of lawyers. c. union that can increase the number of lawyers. d. None of the above is correct.
The emergence of English as the de facto world language ________ a comparative advantage in the production of books, movies and popular music.
A. has given non-English-speaking countries B. has no effect on which country has C. has given English-speaking countries D. has given all countries