The number of people living in urban areas fell after the Civil War and then increased as World War I approached
Indicate whether the statement is true or false
False
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A perfectly price discriminating monopolist's profit is ________ the profit of a monopolist who charges the same price to all of its customers.
A. the same as B. higher than C. sometimes less than and sometimes greater than. D. less than
Suppose the government spends the same for a particular consumer under two different policies: One subsidizes the price of good x while the other is a lump sum subsidy. Which of the following is true.
A. Compared to the lump sum subsidy, the consumer will purchase more x under the price subsidy if and only if x is a normal good. B. Compared to the lump sum subsidy, the consumer will purchase less of x under the price subsidy if x is an inferior good. C. Compared to the lump sum subsidy, the consumer will purchase less of x under the price subsidy if x is a Giffen good. D. The consumer will spend the same on x under the two policy if and only if her indifference curves are kinked. E. Both (a) and (c). F. Both (b) and (c). G. All of the above. H. None of the above.
Karl Marx said all of the following, except that
A. in the long run, capitalism would collapse. B. capitalists and workers generally had the same economic interests. C. one's social consciousness was determined by one's relationship to the means of production. D. whomever controlled a society's capital controlled that society.
The decision by firms of the quantity of output to supply is based on
A. the price of inputs. B. the price of output. C. government oversight. D. techniques of production available.