Billie jean has $120 to spend and wants to buy either a new amplifier for her guitar or a new mp3 player to listen to music while working out. both the amplifier and the mp3 player cost $120, so she can only buy one. this illustrates the basic concept thata. trade can make everyone better off.
b. people face trade-offs.
c. rational people think at the margin.
d. decisions made at the margin are not particularly important.

What restrictions do you think should be placed on studies with animal participants? explain

"“forty or fifty years ago, many people thought that simply transferring technologies from industrialized to developing countries would close the technology gap. now we know that technologies developed in industrialized countries may not be suitable for use in other environments. they may require a particular type of infrastructure to operate. they may need specialized parts or knowledge to mend when they break we now understand that innovative capacity must be built in different ways." - united nations secretary-general ban ki-moon based on the secretary general's comments, which of these would be most important for a country to improve? a) native literature b) transportation grid c) cultural traditions d) construction styles

"people are the greatest resource that a country has". justify.