objective statements that can be tested, amended or rejected by referring to the available evidence

Which of the following best describes the law of diminishing marginal utility?

Which of the following is not included in the natural rate of unemployment?

At which point would an economy be producing at during a recession?

Which of the following is an affect of the Federal Reserve's decision to lower its target federal funds rate to 0 - 0.25%

The following table shows the production of pies and cakes for both people in 1 hour. Who has a comparitive advantage in cake production?

The following table shows the production of pies and cakes for both people in 1 hour. Which of the following is an mutually beneficial terms of trade?

Who is credited with developing the theory of comparative advantage ?

Which of the following does NOT seem to contradict the law of demand?

If the cross price elasticity of demand is 0 between two goods, what can be concluded about the goods?