The federal budget deficit in 2009 was more than eight times larger than the deficit in 2007.
Answer the following statement true (T) or false (F)
True
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When people prefer to obtain medical, or legal services from white males, although they charge high prices for their services, it is termed as:
a. producer prejudice. b. employer prejudice. c. worker prejudice. d. occupational segregation. e. consumer prejudice.
To achieve economic efficiency, a pure public good
a. would have to be provided at marginal cost b. would have to be provide at marginal revenue c. should never be provided d. should be provided to everyone e. would have to be provide free of charge
law of comparative advantage
What will be an ideal response?
The monopolist's input demand curve is the
A. marginal physical product curve. B. marginal factor cost. C. marginal revenue curve. D. marginal revenue product curve.