Whether or not a production process shows economies of scale depends on
A. the number of inputs used.
B. technology.
C. technology and input prices.
D. technology and output prices.
Answer: B
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What will be an ideal response?
What best describes Thomas Jefferson's view of how American Indians should be treated?
a. Tribes should be forced to leave their native lands in the east and move west. b. Indians should have full property rights that should be respected by whites. c. Indians could continue to live on their reservations but the federal government should have access to all mining and natural resources on their land.
If the legal price floor is set below the equilibrium price in a market, then a surplus will develop in the market.
Answer the following statement true (T) or false (F)
Which country of those listed below has the highest percentage of children living in households with income below 50% of the national median?
A. Germany B. Australia C. The United States D. Canada