The economist Hernando de Soto extensively studied:
a. the problem of scarcity.
b. opportunity costs.
c. insecure property rights.
d. economic freedom in rich countries.
e. the sources of comparative advantage in trade.
Question 2
Marginal thinking is best demonstrated by:
a. choosing to spend one more hour studying economics because you think the improvement in your score on the next quiz will be worth the sacrifice of time.
b. deciding to never purchase a coat made with animal skins or furs.
c. acquiring all the information relevant to a choice before making that choice.
d. measuring all of the costs of a meal against all of the benefits when deciding whether to order a second milkshake.
Cards Used in a Socially Situated Version of the Problem-Solving Test
Answer to math problem
Answer to physics problem
Linear Problem
Problem
Chemistry - Problem Exercise