Managers of firms with market power prefer a price elasticity of demand equal to ________ compared to ________.
A) 1.2; 1.3
B) 4.0; 3.5
C) 3.3; 3.2
D) 1.3; 1.2
A) 1.2; 1.3
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How does experimenting with stone tools compare to microscopic analysis?
A) Experimenting gives very little information about stone tools. B) Experimenting tells us what the tools can do, but microscopic analysis tells us what they were actually used for. C) Microscopic analysis tells us where the stones were obtained. D) Microscopic analysis tells us who used the tools, but experimenting tells us what they were used for.
All of the following are barriers to entry except which one?
A) patents B) the presence of a natural monopoly in the market C) a deadweight loss D) control of an essential raw material
Which of the following is an example of a unilineal descent system?
A) Both the mother's and father's lines are equally used to determine descent and kinship. B) A system has no clear-cut descent group, but rather has a network of kin called kindred. C) A man and his children belong to the same descent group. Inheritance is passed from father to son. D) A child chooses to affiliate with his or her mother's descent group. E) A child chooses to affiliate with his or her father's descent group.
A nuclear family includes ego, ego's parents, and ego's grandparents.
Answer the following statement true (T) or false (F)