All of the following trends and characteristics of American population growth occurred from Independence to the Civil War except
(a) The size of the average family was increasing.
(b) Populations living in urban places increased.
(c) There was extensive settlement in rural areas.
(d) Growth was very rapid.
(a)
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If Carla can pick more oranges in one hour than Benjamin, then Carla definitely has a comparative advantage in picking oranges
Indicate whether the statement is true or false
Which of the following must exist for a firm to engage in price discrimination?
A) The firm must be able to identify and separate its buyers into different classes, and the low-price buyers cannot resell the product to the high-price buyers. B) The firm must face an inelastic demand. C) The firm must be able to realize economies of scale. D) The firm must have no more than one class of buyer. E) The firm must be a natural monopoly.
What is true about dominant strategies in the game in Scenario 13.9?
A) "Pollute" is a dominant strategy for both firms. B) "Pollute" is a dominant strategy for Lago only. C) "Don't Pollute" is a dominant strategy for both firms. D) "Don't Pollute" is a dominant strategy for Lago only. E) There are no dominant strategies.
Refer to the above figure. Which panel is consistent with the Laffer curve?
A) Panel A B) Panel B C) Panel C D) Panel D