Agricultural staples of the colonial South included:

Legislation to protect red-cockaded woodpeckers created incentives that resulted in premature harvesting of trees the woodpeckers like to nest in. This is an example of which of the following?

a. Association is not causation. b. the fallacy of composition c. the use of ceteris paribus conditions in economic analysis d. Good intentions do not always lead to desirable outcomes.

Among the people who are characterized below, who has the highest opportunity cost of leisure?

a. a veterinarian who earns $25 per hour and who goes surfing during her leisure time b. a professional tennis player who earns $50 per hour giving tennis lessons and who watches TV during his leisure time c. a retail clerk who earns $15 per hour and who plays computer games during his leisure time d. a CPA who earns $150 per hour and who golfs during her leisure time