The No-Cash-on-the-Table Principle states that there are:
A. never unexploited opportunities available to individuals in equilibrium.
B. always unexploited opportunities available to individuals.
C. never unexploited opportunities available to individuals.
D. sometimes unexploited opportunities available to individuals in equilibrium.
Answer: A
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According to the Census Bureau,
a. a greater percentage of families are below the poverty level now than in 1960 b. a smaller percentage of families are below the poverty level now than in 1960 c. the same percentage of families are below the poverty level now as in 1960 d. the percentage of families below the poverty level has fallen dramatically since 1970 e. 30 percent of families are below the poverty level
A monopoly will be maximizing profit if it is operating at the point where the
a. price is at a maximum b. average cost is at a minimum c. average cost is at a maximum d. marginal cost is at a minimum e. marginal revenue = marginal cost
An example of a barrier to entry is
A) product differentiation. B) high profits. C) occupational licensing. D) increasing marginal costs.
All of the following are examples of intermediate goods, except:
A. Flour bought by a bakery B. Oven bought by a bakery C. Office supplies bought by an accounting firm D. Gasoline bought by a trucking company