User reviews of products on store websites that reassure buyers of the quality is an example of:
A. screening.
B. building a reputation.
C. statistical discrimination.
D. None of these statements is true.
B. building a reputation.
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The table above gives four production possibilities for airplanes and cruise ships. In possibility A, how many resources are devoted to the production of airplanes?
A) 0 B) few C) most D) all E) It is impossible to tell without more information about the prices of airplanes and cruise ships.
In 1921, prices surged, causing a decrease in average real wages
Indicate whether the statement is true or false
Which of the following would increase aggregate supply?
A. increased training and education B. a discovery of new raw materials C. a reduction in input prices D. all of these
If Mary complains that she doesn't feel very well because she ate too many hotdogs, we would conclude that the marginal utility of the last hotdog eaten was
A. very large. B. zero. C. negative. D. positive.