Between 1999 and 2007, the behavior of firms in the trucking industry closely matched the outcome predicted by the model of perfect competition
Indicate whether the statement is true or false
TRUE
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The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from the 4th Mt. Dew is ________ units
A) 75 B) 90 C) 15 D) 82.5
The question "What are you going to do with that major?" implicitly questions
A) how much you learn in that major. B) whether the major should be offered on campus. C) how much the market values the human capital developed in the major. D) western bias.
The feedback effect can be thought of as a type of
A) social regulation. B) economic regulation. C) creative response, which reduces the law's effectiveness. D) regulatory lag.
Which of the following is not a tariff pattern of the major world traders?
A. overall tariff rates are relatively low B. tariffs are higher in agriculture than in other industrial sectors C. tariffs are higher to economically hostile countries D. commonality in the sectors they protect most