In Allocating Time Between Studying French and Studying Economics

question 63

Multiple Choice

In allocating time between studying French and studying economics,

• A)exam points are inferior goods
• B)we can think of students "buying" exam points with hours spent studying
• C)we can think of students "buying" exam points with money
• D)the demand curve for exam points is upward sloping
• E)we can think of students "buying" study time for cash

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Definitions:

Wilmot Proviso

An unsuccessful 1846 proposal in the United States aiming to ban slavery in territory acquired from Mexico.

Immigration Policy

The laws, regulations, and procedures established by a country to control the entry and stay of foreigners within its borders.

Japanese Ports

Refers to the seaports of Japan, which became significant in the mid-19th century as Japan ended its period of national isolation and opened to international trade and influence.

Matthew Perry

A U.S. Navy Commodore who played a key role in opening Japan to the West with the Kanagawa Treaty in 1854, ending Japan's two centuries of isolation.