What point on the graph represents maximum consumer confidence?
a. A
b. B
c. C0
d. D
d. D
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The table above gives the demand schedule for water bottled by Wanda's Healthy Waters. Wanda's marginal cost is a constant $4 a bottle and has no fixed cost. Wanda's makes an economic profit of ________ a day
A) $0 B) $24 C) $36 D) $60
If the international price of oranges is less than the domestic price of oranges in Spain, then Spain will export oranges to other countries
a. True b. False Indicate whether the statement is true or false
Use the figure below to answer the following question.
The diagram above shows three supply curves for apples. A movement from point a to point b is caused by a change in the
A. price of resources used to produce apples. B. technology of apple farming. C. number of apple farmers. D. price of apples in the market.
In the former Soviet Union,
A. the collective farms were more productive per acre than the private plots of land owned by peasants. B. there was no private ownership of any farmland. C. the private plots of land were more productive per acre than the large collective farms. D. the land under cultivation was equally split between private plots of land and the collective farms.