The BLS monthly household survey involves about __________ households in the United States
A) 6,000
B) 60,000
C) 600,000
D) 6,000,000
B
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The shape of the marginal cost curve tells a producer something about the marginal product of her workers
a. True b. False Indicate whether the statement is true or false
State two reasons why dire predictions of falling standards of living and a decline in resource availability proved to be wrong
What will be an ideal response?
If the price of Pepsi-Cola increases from 50 cents to 60 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then the demand for Pepsi-Cola is
a. unit elastic b. perfectly elastic c. perfectly inelastic d. relatively elastic e. relatively inelastic
When positive externalities are present, it means that:
A. individuals don't take into account all the benefits associated with their market choice. B. society bears part of the cost borne of private transactions. C. individuals consume more than the social optimum. D. All of these statements are true.