To economists, the increased productivity from me doing what I do best while you do what you do best is the result of A voluntary exchange B specialization C scarcity D opportunity cost For every decision, there is always A a price to be paid B a cost to be borne C someone who will benefit D an opportunity cost Economists use the term TINSTAAFL to explain which of the following? A There is no such thing as absolute failure B There is nobody as tight as a failed lawyer. C here is no supposed thing as absolutely fair law. D There is no such thing as a free lunch. Which of the following is not a public good? A public library B interstate highway C hospital D state university Which of the following accounts for the greatest amount of federal revenue? A taxes on corporate profits B personal income taxes C payroll taxes D sales taxes Which is not considered to be a economic role of government? A national defense B regulation of trade C to protect intellectual property rights D to provide free health care for its citizens
To economists, the increased productivity from me doing what I do best while you do what you do best is the result of A voluntary exchange B specialization C scarcity D opportunity cost For every decision, there is always A a price to be paid B a cost to be borne C someone who will benefit D an opportunity cost Economists use the term TINSTAAFL to explain which of the following? A There is no such thing as absolute failure B There is nobody as tight as a failed lawyer. C here is no supposed thing as absolutely fair law. D There is no such thing as a free lunch. Which of the following is not a public good? A public library B interstate highway C hospital D state university Which of the following accounts for the greatest amount of federal revenue? A taxes on corporate profits B personal income taxes C payroll taxes D sales taxes Which is not considered to be a economic role of government? A national defense B regulation of trade C to protect intellectual property rights D to provide free health care for its citizens
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