Elements heavier than iron were created during the Big Bang.

Use the following to answer questions 21-22.  Figure: Gains from Trade (Figure: Gains from Trade) Refer to the figure. What are the unexploited gains from trade at the free market equilibrium?

eBay creates value by:

The basic postulate of economics indicates that changes in incentives influence the:

Which is a positive economic statement?

Use the midpoint method to answer this question. When a good’s price increases from $20 to $30 and its quantity demanded decreases from 100 to 90, using the midpoint method, the elasticity of demand for that good is

Consider the (world) market supply curve for oil. Saudi oil production inhabits the _____ part of the curve, and Canadian oil production inhabits the _____ part of the curve.

(Table: iPhone and iPod Production) Assuming both the United States and Canada  specialize in the good for which they each have comparative labor advantage, which of the following answers identifies a trade price that both countries would find acceptable? (Assume each country has 12 laborers.)

Are earbuds, headphones or ear devices allowed while taking test or recording oral presentations.

At this point in time, please show your phone to the camera. Afterward, please stand up and place the phone out of arm’s reach behind you (while remaining in view of the camera), so that we can confirm the phone remains out of reach from where you will be working for the entire duration of the assessment. Note: Please make sure you do not simply show your phone and then place it next to you on the desk; the phone cannot be within arm’s reach. If you do not have any furniture behind you, I recommend you pull up a chair and rest your phone on the chair. By selecting “True” below, you certify that you have completed the above procedures.