Introduction To Economics

A. no more of the activity.
B. less of the activity
C. more of the activity
D. more or less, depending on the benefits of other activities

A. positive statements, facts
B. oions personal facts
C. positive statements values
D. oions facts

A. government intervenes
B. government plan production
C. government interferes
D. Prices adjust to reconcile scarcity and desires

A. the time lost in finding it
B. the quantity of other goods sacrificed to get another unit of that good
C. the expenditure on the good
D. the loss of interest in using savings

A. improving the education of workers
B. raising union wages.
C. raising minimum wages.
D. restricting trade with foreign countries.

A. Rs 300
B. Rs 1000
C. Rs 500
D. Rs 800

A. the business cycle has been eliminated
B. an increase in inflation temporarily increases unemployment.
C. inflation and unemployment are unrelated in the short run.
D. a decrease in inflation temporarily increases unemployment.
E. none of these

A. the countries of Western Europe have set high minimum wage rates.
B. Unions in Western Europe keep the wage high
C. none of these answers.
D. The countries of Western Europe have protected their industries from foreign corporation
E. Workers in the united states are highly productive

A. Subaru’s impact on the price f cars
B. a farmer’s impact on the price of corn
C. Microsoft’s impact on the price of desktop operating systems
D. a student’s impact on college tuition

A. A student eats a hamburger in the student union.
B. A student reads a novel for pleasure
C. A student sits at home and watches T.V
D. A student has a party in her room in the student hall of residence.