The statement "people should pollute as little as possible" is an example of a
A. normative statement.
B. positive statement.
C. factual statement.
D. non-judgmental statement.
Answer: A
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Relative to the situation in many other nations, the United States government plays a _______ role in its economy.
A. small B. large C. comparable D. nonexistent
The firm's supply curve is its
A) marginal cost curve, at all points above the minimum average variable cost curve. B) marginal cost curve, at all points above the minimum average fixed cost curve. C) marginal cost curve, at all points above the minimum average total cost curve. D) marginal revenue curve, at all points above the minimum average total cost curve.
In the prisoner's dilemma game, each player's dominant strategy leaves her with a larger payoff than she could receive by cooperating with the other player; however, the "prisoner's dilemma" is that as a result of noncooperation she cannot chose
dominant strategy. Indicate whether the statement is true or false
To a Marxist, income inequality derives from
a. purely random events b. incompetent government policy c. unequal education d. unequal distribution of property e. unequal abilities of individuals