More goods are available to the average American today than two hundred years ago, but today an American has to work more hours to earn the money to purchase most items
a. True
b. False
Indicate whether the statement is true or false
False
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Larry Krovitz is a salesman who works at a used-car showroom in Sydney, Australia. It's the last week of July but he is yet to meet his sales target for the month. A customer, Harold Kumar, who wants to buy a Ford Fiesta, walks in to the showroom
After taking one of the cars for a test drive, Harold decides to buy it. While $11,000 was the least that Larry would have been willing to accept for that car, he quotes a price of $15,000 . After some bargaining, the car is sold for $12,000 . a. What is the producer surplus in this case? b. If Larry bought the car for $8,000, what is his profit? c. Is producer surplus always equal to profit? Explain your answer.
Currently, the price of gold is
A) fixed by the United States. B) adjusted periodically by the IMF. C) adjusted periodically by the World Bank. D) determined in the market by demand and supply.
When a previously licensed pesticide is reevaluated
a. it can be restricted in use, but not banned b. a Reregistration Eligibility Decision document is issued in the final phase of the process c. it must becomepart of an Integrated Pest Management program d. all of the above
Refer to the following table that gives the demand facing a monopolist: 
How much does the 28th unit of output add to total revenue?
A. $200 B. $10 C. $2 D. $20 E. none of the above