Receipt of foreign aid permits less-developed countries to move to a point outside their production possibilities curve
a. True
b. False
Indicate whether the statement is true or false
True
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Third-degree price discrimination for concessions at ball parks is not applied to adults and children because_____.
A. children's demand for food is elastic and adults' demand for food is inelastic B. there can be exchange of the products from children, who could buy them at a lower price, to adults C. adults' demand for food is elastic and children's demand for food is inelastic D. there can be exchange of the products from adults, who could buy them at a lower price, to children
Suppose you could measure the value in monetary terms for the following three things that you could do with your time this Friday evening: a) doing your homework - $50, 2) spending time with your friends - $40 or c) taking a nap - $30
Armed with only this information which activity has the lowest opportunity cost? Which two activities have the same opportunity cost? Based on what you have discovered what is the best use of your time and why?
Barriers to entry into a market could include all of the following, except one. Which is the exception?
a. government restrictions b. brand loyalty c. large marginal costs d. licensing fees e. large fixed costs
In reading the stock market quotes in the newspaper, the column with the heading "P/E" gives the
A) number of shares of the stock traded that day. B) dividend per share divided by the closing price per share. C) stock symbol for the company. D) latest closing price per share divided by the latest available earnings per share.