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Home Search Your Textbook The Economic Way of Thinking

Questions for: The Economic Way of Thinking — 13e

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What happens when the Federal Reserve purchases U.S. government bonds?
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In the economy of Pandemonia, 500 people have jobs, 500 people are not working but are searching for
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The people of the Island of Yap used stones as a general medium of exchange. Therefore,
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A mugger steals $25 from John Doe. What can an economist conclude?
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Are the wages of the pilots marginal costs or sunk costs to an airline trying to decide whether to a
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According to your textbook, the notion of price "gouging" is problematic because
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Other things constant, political instability in a poor nation tends to reduce
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According to your textbook, efforts to free Sudanese slaves by buying them in the open market actual
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Chelsea buys bottled water from the vending machine for $1.00. As long as the transaction was volunt
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Suppose it costs a farmer $1.00 to produce 1 unit of corn, $2.10 to produce 2 units of corn, and $3.
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Land used for commercial Christmas trees can also produce pulpwood. Therefore, an increase in the ex
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Who is "selling short"?
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If skilled and unskilled labor are substitutes, then an increased minimum wage would tend to
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Zero economic profits would most likely exist in which market environment?
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One well-established full-service stock brokerage charges $35 commissions per trade. A new online br
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Are the owners of taxicabs in New York City earning large profits because the city severely restrict
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In the economic way of thinking, money
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Agreements among competing sellers to maintain a certain minimum price or to divide up the market in
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If the current quantity demanded of John Deere tractors is 50,000 tractors, and the quantity supplie
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With a good on each axis, the production possibilities frontier is downward-sloping, which suggestsA
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