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Delaware schools offered cash bonuses to students who scored high on the state’s standardized exams (Delaware Comprehensive Assessment System, or DCAS). The cash bonuses are motivated by which economic principle?

EXTRA POINT Q1 Recently, a series of studies have demonstrated the considerable beneficial health effects of food and drink derived from the amaranth plant. This has affected consumer tastes for amaranth flour, pods, root, etc. At the same time, particularly favorable weather has resulted in a bumper crop of amaranth plants.  Equilibrium quantity will ____, but equilibrium price will ____.  

Countries that engage in trade will tend to specialize in goods in which they have a(n) _____ and will _____ those goods.

Which cardiac structure is indicated by the arrow ?

EXTRA POINT Q5   The table describes the production of two goods, computers and phones, in Canada and the United States. Each country has a linear production possibility frontier with respect to its production of the two goods. The numbers in each column represent the total number of units each country could produce if it used all of its resources to produce the good. If each country specializes in the good in which it has the comparative advantage, then the price of 6 phones in terms of computer will be: Computers Phones Canada 50 100 United States 25 75

Emma spends $40,000 for one year’s tuition at university. The opportunity cost of one year at university for Emma is:

Assume that a tariff is imposed on Canadian imports into the United States. This tariff is likely to _____ American producers and _____ Canadian producers.

Consider market for apartments. The consumer surplus transferred from producers after the imposition of a price ceiling (rent control) is given by area:

When the government imposes a tariff on 3D printers, the price of printers rises from PW to P1, and the government revenue is:

An economy is inefficient if it is: