It is often profitable for the white-males to accept lower paying positions to avoid working with women
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Table 2-7. What is Minnie's opportunity cost of making an umbrella?
A) 1/10 of a hat B) 1/4 of a hat C) 4 hats D) 40 hats
If a family's MPC is 0.7, it means that the family is
A. spending 70% of its disposable income. B. spending seven-tenths of any increment to its income. C. necessarily dissaving. D. operating at the break-even point.
Figure 8.3 shows demands and costs for a monopolistically competitive firm. When the firm's demand curve shifts from D1 to D2 and to D3:
A. the firm's economic profit remains the same. B. the firm's marginal revenue at the profit-maximizing output level is decreasing. C. the firm's marginal cost at the profit-maximizing output level is increasing. D. the firm's average cost at the profit-maximizing output level is decreasing.
If General Motors imports parts from its plants in Canada and Mexico for finished trucks that it will sell across the NAFTA region, what type of trade does this represent?
What will be an ideal response?