Saving endangered species
A. must involve the loss of another species.
B. may involve a trade-off in terms of the loss of other economic activities.
C. benefits all people in society without any trade-off.
D. requires the government to list those species as common property.
Answer: B
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Recurring fixed costs may lead to only one firm producing in a Cournot oligopoly model.
Answer the following statement true (T) or false (F)
Which government agency regulates futures markets?
A) SEC B) Commodity Futures Trading Commission C) Board of Trade D) the Federal Futures Agency
When there is a high degree of complementarity between two products, then the indifference curves will:
A. be reasonably close to straight lines. B. be perfectly straight lines. C. bend sharply. D. be positively sloped.
If more buyers came into the market for a good, we would expect to see the market demand curve
A. reflect a positive relationship between price and quantity demanded. B. shift inward and to the left. C. shift outward and to the right. D. remain unchanged since none of the determinants of individual demand changed.