A limit on the dollar worth of oranges imported into the United States is an example of a quantity quota
a. True
b. False
Indicate whether the statement is true or false
False
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Behavioral economists have discovered that
A) transitivity of preferences always holds, even in animals. B) the law of demand does not hold in controlled experiments. C) transitivity of preferences does not always hold, especially for young people. D) reflexivity of preferences is not true.
Figure 11-6
The profit-maximizing monopolist in Figure 11-6 will sell its output at
A. P1. B. P2. C. P3. D. P4.
At an annual interest rate of 10 percent, about how many years will it take $100 to triple in value?
a. 8 b. 10 c. 12 d. 14
Which of the following examples would most likely be part of a perfectly competitive market?
a. cotton growers b. computer companies c. shoe manufacturers d. automotive businesses