A weaker dollar will stimulate sales of U.S. exports
a. True
b. False
Indicate whether the statement is true or false
True
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What can we say about the employment of resources if the economy is at a point on its production possibility frontier?
What will be an ideal response?
Which of the following is true about the demand curve for a monopolistically competitive firm?
a. It is less elastic (steeper) than for monopoly, but more elastic (flatter) than for a perfectly competitive firm. b. It is less elastic (steeper) than the demand curve for either a monopoly firm or a perfectly competitive firm. c. It is more elastic (flatter) than the demand curves for either a monopoly firm or a perfectly competitive firm. d. It is less elastic (steeper) than for a perfectly competitive firm, but more elastic (flatter) than for a monopoly firm.
In the event that the business fails, sole proprietors
a. retain the assets of the business and write off its liabilities b. lose only those assets associated with the business c. pass the losses on to the shareholders d. face unlimited personal liability e. only lose the value of his/her stock
Refer to the following graph.
Marginal utility is:
A. negative between A and B. B. negative between B and C. C. negative between C and D. D. not negative anywhere along the total utility curve.