Which of the following is a positive statement?
A. A humidity level of 90 percent is too high.
B. It is too hot to run outside when the temperature exceeds 80 degrees.
C. The temperature is 92 degrees today.
D. Summer evenings are nice when it cools off to around 70 degrees.
Answer: C
You might also like to view...
What best describes changes in sectors in the US?
a. Agriculture was the chief generator of income in the United States until the decade of the 1880s. b. The number of people employed in manufacturing passed the number employed in agriculture shortly after the War of 1812. c. The percentage of the US labor force employed in agriculture increased slowly until the Civil War and declined from then to the present time. d. The current number of people employed in the government sector is about the same as the number of people employed in the service sector.
Which of the following describes the market structure of monopoly?
a. many firms with some control over price, and considerable product differentiation b. many firms with no control over price, producing identical products with no differentiation c. a few firms with some control over price, producing similar products which are close substitutes d. a few firms with no control over price, producing highly differentiated products e. a single firm producing all of the output for the industry
Leugers Custom Cabinetmakers is currently operating at a profit while producing four custom cabinets per week. At that output level, marginal cost exceeds marginal revenue. In order to maximize profit, Leugers should
a. decrease output b. increase output c. leave output at four cabinets per week d. either increase or decrease output, depending on its level of fixed costs e. either increase or decrease output, depending on its level of variable costs
Which one of the following factors reduces the likelihood that a cartel agreement will lead to higher producer profit?
a. significant barriers to entry into the cartelized market b. the development of substitutes for the good produced by the cartel c. government restrictions that limit competition from new rivals d. a small number of sellers involved in the cartel agreement