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Q: The heaviest concentration of proven oil reserves is found in a

The heaviest concentration of proven oil reserves is found in a) Alaska. b) the North Sea. c) the Persian Gulf. d) Texas.

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Q: Because there are _______, adjusted gross income is always ______ taxable income

Because there are _______, adjusted gross income is always ______ taxable income. a) deductions and exemptions; less than b) deductions and exemptions; greater than c) credits; greater than d) cre...

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Q: One of the reasons a government-run annuity system such as

One of the reasons a government-run annuity system such as Social Security may be better for society than simply relying on private savings is that a) no one would save for themselves. b) people, be...

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Q: If Head Start were a good long-run investment from a

If Head Start were a good long-run investment from a strictly economic perspective, for current children enrolled in the program it would a) make them happier. b) help their parents with subsidized...

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Q: In a simple 300 million-person world of all four-

In a simple 300 million-person world of all four-person families, if the poverty line is $12,500 and half of the 10 million families (with 40 million poor people) earn $10,000 and the other half earn...

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Q: The fact that education benefits not just the person being educated but

The fact that education benefits not just the person being educated but society as a while suggests that there is a a) positive externality. b) negative externality. c) congestion. d) monopoly.

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Q: Economists are concerned about nontariff (regulatory) barriers when they are

Economists are concerned about nontariff (regulatory) barriers when they are used to prevent imports when a good a) is produced via questionable means (e.g. banning milk produced from cows injected...

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Q: The fact that education benefits not just the person being educated but

The fact that education benefits not just the person being educated but society as a while suggests that there is a a) positive externality. b) negative externality. c) congestion. d) monopoly.

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Q: In the long run, rent control has ________ impact because,

In the long run, rent control has ________ impact because, over time, supply and demand become ______ elastic. a) an increasing; more b) a decreasing; more c) an increasing; less d) a decreasing;...

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Q: Economists ______ the activities of ticket brokers and scalpers. a

Economists ______ the activities of ticket brokers and scalpers. a) draw no distinction between b) separately model c) draw a stark contrast between d) ignore

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