Economic historians have located evidence to suggest that colonists barely lived at subsistence levels

Indicate whether the statement is true or false


False

Economics

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An economy with only a domestic sector is called:

A) a mixed economy. B) an open economy. C) a closed economy. D) a command economy.

Economics

Unique Creations has a monopoly position in magnometers. If the marginal cost for a magnometer is $50 and the price elasticity for magnometers is -4, what is the optimal monopoly price?

a. $37.50 b. $41.25 c. $66.67 d. $75.00 e. $82.50

Economics

A market shortage is

A. A situation in which producers cannot sell all the goods and services that they are willing and otherwise able to sell. B. The result of a price floor. C. The amount by which the cost of production exceeds the price of a good. D. The amount by which the quantity demanded exceeds the quantity supplied at a given price.

Economics

In an hour Jane can solder 50 connections or inspect 20 parts while Jim can solder 25 connections or inspect 20 parts in an hour

A) Jane has a comparative advantage over Jim in both soldering and inspecting. B) Jane has a comparative advantage over Jim in soldering while Jim has a comparative advantage in inspecting. C) Jim has a comparative advantage over Jane in soldering while Jane has a comparative advantage in inspecting. D) Jim had a comparative advantage over Jane in both soldering and inspecting.

Economics