Market exchange means that goods and services are bought and sold at a price measured in money
a. True
b. False
Indicate whether the statement is true or false
True
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The "Mitochondrial Eve" hypothesis traces all modern populations back to about 200,000 years ago. The accuracy of this date of about 200,000 is:
A. questioned by some paleoanthropologists B. thought to be accurate by all paleoanthropologists C. thought to be closer to one million years ago by most paleoanthropologists D. thought to be closer to 5,000 years ago by most paleoanthropologists
A form of society in which there is little inequality in access to culturally valued rewards is called:
a. egalitarian. b. class. c. caste. d. meritocracy.
Randolph Nesse associates depression with __________
a. situations presenting an "adaptive challenge" b. the pursuit of unreachable goals c. natural selection for a period of low activity following a crisis d. all of these
Refer to the table below. At a price of $99, which of the following statements is true regarding the price elasticity of demand?
The above table shows a sample of prices and the quantity sold by a monopolist.
A) The price elasticity of demand is less than one.
B) The price elasticity of demand is equal to one.
C) The price elasticity of demand is equal to 2.0.
D) The price elasticity of demand is greater than one.