Cell phone companies offer pricing plan alternatives in order to convert some
a. consumer surplus into profit
b. producer surplus into profit
c. economic profit into normal profit
d. profit into consumer surplus
e. consumer surplus into deadweight loss
A
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In the equation Y = C + I + G + NX,
a. Y represents the economy's total expenditure. b. C represents household expenditures on services and durable goods. c. all of the variables are always positive numbers. d. All of the above are correct.
Which of the following is an example of a renewable natural resource?
a. fish b. soybeans c. wood d. All of the above are correct.
Since 1973 the incidence of poverty has generally increased for
A. children. B. the elderly. C. married couples. D. All of the choices are true.
The long-run supply curve for a competitive, decreasing-cost industry is downward sloping.
Answer the following statement true (T) or false (F)