Jeremy Bentham and J.S. Mill believed in different theories of utility. While J.S. Mill believed in qualitative utility, Jeremy Bentham believed in _____________.

While classical 'political-economists' tended to view the economy as being composed of social classes, neoclassical economists tend to view the economy as being composed of...

0.12% per year.

The reason Swedish labor unions and business associations are content with not having a minimum wage law.

Three kinds of investment that tend to be very stable and secure, but which also involve fewer gains.

"When the price of any commodity is neither more nor less than what is sufficient to pay the rent of the land, the wages of the labour, and the profits of the stock employed in raising, preparing, and bringing it to market, according to actual rates, the commodity is then sold for what may be its"

In the 2nd half of the 19th Century, these four thinkers forever altered the discipline of "political-economy" – changing its name to "economics", making the discipline much more mathematical?

3.2% per year.

This groundbreaking 1992 study found no correlation between minimum wage hikes and employment outcomes?

Investments that tend to offer greater opportunities for both making gains and losses?

The first economist to formulate a labor theory of value.

If you have four slices of pizza, the fourth slice will be of less value to you than the first according to?

Sir Robert Walpole, Alexander Hamilton, and Otto von Bismarck all did this.

The state of a country's position in economic transactions with the rest of the world.

You are making $968 a month after taxes. You find a two bedroom apartment costs $1,000 a. month. The number of room-mates you'll need in order for the rent to be roughly (a bit over) a quarter of your income.

Let us say that a businessperson/employer pays the legitimate market price for rent, tools, machinery and labor. Suppose that a worker could produce enough to cover the cost of tools, machinery and daily wages in 6 hours. By having the worker put in a 12 hour day rather than a 6 hour day, the employer gains a profit, according to _________ theory of __________.

In the 1930s, this economist argued in favor of counter cyclical macroeconomic policy.

Synthetic rubber, computers, electronics, radar, jet engines, and microwaves all used technologies that were _________.

France, Japan and South Korea all engaged in this kind of planning, distinct from Soviet bloc 'directive' central planning.

Personal finance advisors say that rent should take up, at most ____ to ____% of income

If Portugal needs 80 men to produce wine and 90 men to produce cloth, and if England needed 100 men to produce cloth and 120 men to produce wine, Portugal would have an absolute advantage in wine and cloth. England would still have a ________ _______ in cloth.

While Milton Friedman and the Monetarists believed that currency should be controlled by the state, Frederich Hayek and the Austrians believed that money should be controlled by _______.

TINA stands for this famous phrase of Prime Minister Margaret Thatcher.

$35 an ounce.

A part of your monthly budget that is crucial for survival that could cost you around $312.65 a month in the Atlanta area.