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Select which items are variable costs.

A person smoking a pipe at a football match while others are passively sitting next to this person is a ___________ externality. Fill in the blank write your answer all in lower case.

The amount of money reported as M2

A person smoking a pipe at a football match while others are passively sitting next to this person is a ___________ externality. Fill in the blank write your answer all in lower case.

Decline in subsidies to state universities increases or decreases the supply of higher education?

Monetary policy involves the use of money and credit controls to impact the macroeconomy.

Decline in subsidies to state universities increases or decreases the supply of higher education?

Select the two main objections to the economic approach

Below is an Production Possibilities Frontier for producing shoes or hats.  Feel free to graph it by placing shoes on the vertical axis and hats on the horizontal axis. A B C D E Hats 0 2 4 6 8 Shoes 30 28 25 12 0 Match the the opportunity costs to the items listed below: A to B B to C E to D C to A

Select the two main objections to the economic approach