Which of the following is NOT a multinational corporation?
a. British Petroleum
b. Firestone Rubber Company
c. United Fruit Company
d. Mitsubishi
e. The Varsity Hot Dog Stand
ANSWER:
e
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In patrilineal-patrilocal societies, men
A. control the prestige hierarchy. B. enjoy approximately equal status with women. C. work harder at food production and manufacturing than do women. D. trade subsistence goods but not prestige items. E. are in short supply due to the practice of male infanticide.
A perfectly competitive firm is producing 1,100 units, which is their profit-maximizing output level. The market price for their good is $4 and the firm's average total cost to produce the 1,100 units is $4 Which of the following is true?
A) The firm is earning an economic profit. B) The firm is earning a competitive return. C) The firm is incurring an economic loss. D) The firm should increase its production.
The total value of all of a nation's production and its estimate of national prosperity is called the:
A) gross national product. B) gross national income. C) gross economic indicator. D) macroeconomics. E) economic network.
If the marginal benefit curve is linear and downward sloping and the marginal cost curve is linear and upward sloping, a decrease in the marginal cost that causes a downward shift of the curve will ________ the profit-maximizing number of units undertaken.
A) increase B) reduce by exactly half C) decrease D) not change