Who promised "two cars in every garage and a chicken in every pot?"
A. Herbert Hoover
B. Franklin D. Roosevelt
C. Dwight D. Eisenhower
D. John F. Kennedy
A. Herbert Hoover
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A recent study indicated that "Stricter college alcohol policies such as raising the price of alcohol, or banning alcohol on campus, decreases the number of students who use marijuana"
This indicates that the cross-price elasticity between alcohol and marijuana is positive. Indicate whether the statement is true or false
Historically, the U.S. government has been used to overcome crises, redistribute income and wealth and address negatively received market outcomes
Indicate whether the statement is true or false
Which of the following statements is (are) true concerning a pure competition situation?
a. Its demand curve is represented by a vertical line. b. Firms must sell at or below market price. c. Marginal revenue is equal to price. d. both b and c e. both a and b
An opportunity cost is:
a. the value obtained when making a choice. b. the price paid for the choice that is made. c. what must be given up to obtain something that is desired. d. what must be given up to obtain something that is not desired.