The Congress of Industrial Organizations was made up of an organization of craft unions
Indicate whether the statement is true or false
F
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Which of the following statements is true?
A) Rational economic agents maximize more than just monetary income. B) An individual does not require information to make optimal decisions. C) The principle of optimization is only accurate when it comes to making monetary decisions. D) It is not necessary to consider the risks of a particular alternative while making an optimal decision.
Surgical weight loss procedures are cheaper and safer than ever. As a consequence, we could expect:
a. An increase in the amount of care individuals take of their diet b. A decrease in the amount of care individuals take of their diet c. An increase in pre-surgery obesity d. Both B&C
If a firm in a perfectly competitive industry maximizes profit by producing 100 units and the marginal cost of the 100th unit is $23, the price is
a. more than $23 since it's earning an economic profit b. $0.23 c. $2,300 d. $23 e. not able to be calculated from the data given
According to the text, those who hold stock in U.S. corporations
a. are only from the top 10 percent of the wealthiest individuals in the country b. cover a wide spectrum of American society c. are mainly over 65 years of age d. have very little education e. includes only 2 percent of the U.S. population