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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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If textbook prices rise by 5% this year, and textbook purchases fall by 5% this year, then the price

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The services produced by spouses who cook, clean, and otherwise maintain homes are not counted in th

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The costs affecting decisions to supply always lie in the

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Which of the following people came close to abolishing scarcity in their regions some years ago?

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Mr. Jones, an elderly man living on his retirement, pulls $100,000 from certificates of deposit (CDs

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Cooperation among people in an urban, industrialized society

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If the Palace Cinema can sell 200 tickets at $4 and 300 tickets at $3, our best estimate of the marg

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When two companies that produce the same product merge, it is called a

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The existence of a shortage means

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Suppose homebuyers believe that prices will fall over the next six months to a year. This would tend

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When local governments ignore all other considerations and award cable TV franchises to the firms th

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Entrepreneurs tend to have a comparative advantage in

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When economists say entrepreneurs have a comparative advantage in arbitrage activity, they are sayin

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In the economy of Confoundia, 500 people have jobs, 1000 people are not working but are searching fo

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Suppose a successful advertising campaign increases the demand for Nike shoes. Which would tend to o

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The purpose of the "draft" developed by owners' associations in many professional sports is to

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Why do people in New York City often read the obituaries to locate an apartment?

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Fill in the blanks: ________ attempts to reduce negative externalities by ________.

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Who ends up paying when sunk costs are incurred as a result of erroneous forecasting?

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The "Superbowl Effect" mentioned in your textbook is considered a fallacy or a mistake in reasoning

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