Which of the following would be considered part of the underground economy?
a. selling subway tokens
b. tax avoidance
c. deducting housing interest when figuring your income taxes
d. sales of alcohol and cigarettes
e. paying by credit card to avoid writing a check
B
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The pattern of colonialization adopted by European countries was:
A) based on communal grounds. B) basically welfare driven. C) basically profit driven. D) pro-natives in all nations.
Gil can consume either pens or milkshakes. Both pens and milkshakes sell for $1. Gil finds that when his income is spent, his marginal utility of pens will be 10 while his marginal utility of milkshakes will be 8
Gil could increase his utility without violating his budget by consuming A) more pens and fewer milkshakes. B) more pens and more milkshakes. C) fewer pens and fewer milkshakes. D) fewer pens and more milkshakes.