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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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Bonnie can produce either 20 hats or 10 scarves in a month. Phil can produce either 5 hats or 10 sca

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If Robinson makes 40 purses or 5 wallets per week, and Chamberlin makes 16 purses or 2 wallets per w

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Which is the most popular tool of the Fed used to control the stock of money?

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Property rights are useful in predicting behavior when we define ownership of a resource as

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The term human capital refers to

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Supermarkets will frequently not carry the products of food processors unless the processors pay fee

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Something becomes money only if

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Speculators who believe the world-wide demand for cocoa products is going to increase enormously nex

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Fred buys a fresh-off-the-assembly-line car from Wee-Rob-U Auto Sales. He paid $27,500, even though

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Is there any difference between fining people who put contaminants into the atmosphere and charging

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If Bonnie can produce either 10 hats or 20 scarves in a month, and Phil can produce either 5 hats or

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Consider a tragic and heart-wrenching case in which a cancer patient is told he needs chemotherapy i

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Which of the following is most likely to be observed in a community where legal ceilings are imposed

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To say that an individual displays a positive rate of time preference mean

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Reducing prices below cost in order to eliminate competitors (with the intention of later raising pr

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When interest rates are artificially lowered through expansionary monetary policy,

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What factor, more than anything else, tends to make people wealthy?

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Wealthy people are more likely than poor people to use airplanes rather than busses for interurban t

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When economists study the interactions of different people, the focus of their studies is on

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If a price floor on coffee is set above the market-clearing price, then

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