Multiple ChoiceWhich of the following is one of the assumptions of the prevailing rational-world paradigm?25views
Multiple ChoiceWhich of the following is NOT one of the four standard assumptions about utility maximization in microeconomics?20views
Multiple ChoiceWhich of the following best describes a difference between positive analysis and normative analysis in economics?25views
Multiple ChoiceWhich of the following best explains how the Patient Protection and Affordable Care Act (PPACA) might conflict with traditional U.S. values of individualism and personal responsibility?29views
Multiple ChoiceWhich of the following is most likely to occur in a market economy without a strong legal system?34views
Multiple ChoiceAccording to some economists, which of the following is considered a positive effect of mild inflation?33views
Multiple ChoiceSuppose a government increases the minimum wage. Which is the most reasonable prediction from a positive analysis perspective?35views