The U.S. has one of the highest unionization rates of all the industrialized countries around the world
a. True
b. False
Indicate whether the statement is true or false
False
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The U.S. federal government spent more than $4 trillion in 2018, which implies that there were no opportunity costs faced by the United States.
Answer the following statement true (T) or false (F)
The bowed out (concave) shape of the production possibilities curve implies that as production of one good
A) increases, society must forgo increasing amounts of another good. B) increases, production of other goods increases as well. C) decreases, production of other goods decreases as well. D) increases, society must forgo decreasing amounts of another good. E) increases, society can obtain a free lunch.
"Common stock" is the type sold to small investors
a. True b. False Indicate whether the statement is true or false
TFC=Total Fixed CostQ=Quantity of OutputMC=Marginal CostP=Product PriceTVC=Total Variable Cost Refer to the above information. Marginal cost is:
A. 
.
B. 
.
C. 
.
D. 
.