The largest percent of colonial trade (both exports and imports) was with
(a) the United Kingdom.
(b) Southern Europe.
(c) Africa.
(d) the West Indies.
(a)
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In a Dutch auction, the ________ wins the good
A) bidder who bids up to his value for the good B) bidder who stops the auction C) bidder with the lowest value for the good D) second bidder
Since women earn less on average than men, we would expect that the substitution effect of a wage change would be more likely to dominate for women and the income effect would be more likely to dominate for men
a. True b. False Indicate whether the statement is true or false
Which of the following is an accurate statement?
a. Market allocation is illegal because it helps a business make a profit. b. Market allocation is illegal because it reduces competition. c. Market allocation is illegal because it is based on price-sensitivity. d. Market allocation is illegal because it is caused by elasticity of demand.
Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. If one drone is produced, average fixed costs are
A. $0. B. $50. C. $80. D. indeterminate from this information.