The production possibilities frontier provides an illustration of the principle that a. people respond to incentives. b. trade can make everyone better off. c. people face trade-offs. d. governments can sometimes improve market outcomes.

You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?

How much more output does the $18 trillion u. s. economy produce when gdp increases by 3.0 percen?

Saks fifth avenue wants to learn about its consumers' attitudes toward on-line purchases. there are numerous studies that are available about consumers and on-line buying, but saks believes its customers might be different from the usual on-line consumer profile, so they decide to conduct their own study. if saks were to use the available data about consumer attitudes, it would be using data; however, if saks does its own study it would collect data.