If a voter is ignorant of some of the issues that affect public policy, then the voter is definitely behaving irrationally
Indicate whether the statement is true or false
FALSE
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To compete in the automobile market, Tesla must make many strategic decisions such as whether to introduce a new car model, how to sell and service its cars, and where to advertise
At Tesla's Fremont, California plant, managers must decide on the monthly production quantities of their S and X models. In making this decision, the managers A) will choose to only produce the quantity of S and X models where marginal cost equals zero. B) will always decide on production quantities in which revenues are maximized. C) face no trade-off because the Fremont plant only produces these two models of the many Tesla models produced worldwide. D) face a trade-off, because producing more of one model means producing less of the other.
The Bureau of Economic Analysis calculates the PCE deflator ________
A) every month B) every two months C) every three months D) every year E) twice each month
If both a monopoly and a competitive market with the same marginal cost would produce a quantity that is greater than the social optimum in a market because of externalities, then
A) welfare is greater under monopoly. B) welfare is greater under competition. C) welfare is the same for both market structures. D) the social optimum must be zero.
For a given nominal exchange rate and foreign price level, a decrease in the domestic price level ________ the real exchange rate.
A. decreases B. may either increase or decrease C. offsets any change in D. increases