The county supervisor uses an estimate of how much residents pay to drive to the public swimming pool in the next county as an indication of how much a swimming pool is worth to county residents. This is an example of:

Suppose that because the government increases the minimum wage, employers choose to hire fewer workers. This is an example of:

Suppose you paid $2.50 for a beer in 2004 and $3 exactly a year later. The price in 2004 is measured in _______ dollars; the price in 2005 is measured in _________ dollars.

The government has passed many school accountability measures that reward schools if their students score highly on standardized tests. Suppose schools respond by manipulating the set of test-takers to increase average scores. This outcome is an example of a(n):

If the present discounted value of $400 next year is $380 this year, what is the implied rate of interest?

If the present discounted value of $400 next year is $380 this year, what is the implied rate of interest?

Suppose that Gustavo spends all of his income on DVDs and (legally) downloaded songs. At the optimum, which of the following must be TRUE?

A Rawlsian social welfare function implies which of the following?

The county supervisor is considering building a community pool and has gathered data on how much residents are willing to pay. He sums up all of the valuations he has received and compares that number to the estimated cost. This is an example of:

Consumer surplus can be defined as the difference between: