During the Middle Ages, heretics were often burned at the stake. Were the heretics violating the ...

During the Middle Ages, heretics were often burned at the stake. Were the heretics violating the assumption of rational self-interest? Explain.
 
  What will be an ideal response?

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Ques. 2

Which of the following forms of taxation accounts for the largest share of taxes received by state and local governments?
 
  A) sales, excise, and gross receipts taxes
  B) personal and corporate income taxes
  C) license and permit fees
  D) property taxes

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Ques. 3

The production possibilities curve represents
 
  A) the total amount of stocks and bonds that exist in the economy.
  B) the trade-off between human capital and physical capital that exists.
  C) all possible combinations of total output that can be produced.
  D) society's needs.

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Ques. 4

After the price of smartphone apps falls, Justin buys fewer flash drives but he buys a new smartphone. For Justin
 
  A) smartphone apps and flash drives are complements, and smartphone apps and smartphones are substitutes.
  B) smartphone apps, flash drives, and smartphones are all complements.
  C) smartphone apps and flash drives are substitutes, and smartphone apps and smartphones are complements.
  D) smartphone apps, flash drives, and smartphones are not all complements.

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Ques. 5

Jasime voluntarily quit her job and is now searching for a new position. Jasime is classified as a
 
  A) job loser.
  B) job reentrant.
  C) job leaver.
  D) new entrant.

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Ques. 6

Which of the following statements indicates the idea of trade-offs?
 
  A) I chose the road less traveled.
  B) The devil made me do it.
  C) You've got me under your spell.
  D) Always give it the best that you can.

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Ques. 7

If both supply and demand simultaneously decrease
 
  A) the market clearing price definitely rises, and the equilibrium quantity definitely falls.
  B) the market clearing price definitely rises, and the effect on the equilibrium quantity is indeterminate.
  C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate.
  D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely falls.