Which of the following countries is not a member of the European Union?
A) Portugal
B) Switzerland
C) Slovakia
D) Malta
B
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Using the figure above, which of the following statements is (are) correct?
i. MR = MC when 3 haircuts are produced. ii. If the firm charges each customer the same price for a haircut, the price of a haircut is $42. iii. The firm's MC equals $30. A) i only B) ii only C) i and ii D) i and iii E) None of the above is correct.
According to Say's law,
A) if there is demand for a good, someone will supply it. B) production creates demand sufficient to purchase all goods and services produced. C) supply and demand work together to determine price. D) trading takes longer in a barter economy than in a money economy. E) none of the above
Table 14.1Refer to Table 14.1. In which market do buyers underestimate the chance of getting a lemon?
A. 1 only B. 2 only C. 3 only D. 1 and 3 only
The $4,500 you earned last year in dividend payments is an example of ________ income.
A. transfer B. human capital C. inheritance D. property