Mia is considering volunteering at a local charity. in deciding which charity she should out, she asks some people who are members of a volunteer group. in this situation, the members of the volunteer group are considered her a. social group b. reference group c. primary group d. involuntary group

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment. b. the allocation of resources between private markets and the public sector. c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t. d. differences in productivity. e. ones that think at the margin and respond to incentives and those that don’t.