Question

1. On the issue of free trade, economists (on average):

   		strongly support.
   		strongly oppose.
   		are very divided.
   		have no opinion.

2. Saltwater economists are:

   		Keynesian economists.
   		prefer greater government intervention in the macro economy.
   		situated primarily on the east coasts and west coast universities.
   		true for all of questions in this problem.

3. The benefit that arises from an increase in an activity is called

   		an incentive.
   		opportunity cost.
   		the marginal benefit.
   		the marginal cost.

4. The birth of economics as an intellectual discipline can be dated fairly precisely in the eighteenth century with

   		the development of the factory system.
   		the introduction of paper currency.
   		the opening of the London stock exchange.
   		the publication of the book, The Wealth of Nations.

Answer 1