One of the causes of World War I was _________
a. the deteriorating standards of living in Europe.
b. the assassination in Serbia of Austrian Archduke Ferdinand.
c. Europe had experienced several wars in recent decades that spilled over into World War I.
d. the European working class was increasingly fractured and nationalistic.
b. the assassination in Serbia of Austrian Archduke Ferdinand.
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Based on the figure above, curve B is the firm's
A) marginal cost curve. B) total cost curve. C) average total cost curve. D) total variable cost curve. E) total fixed cost curve.
Provide an example of each allocation method that illustrates when it works badly
What will be an ideal response?
If a person who does not pay for a good can be prevented from consuming it,
a. that good is said to be excludable b. that good is said to be nonexcludable c. consumption of that good creates a positive externality d. production of that good creates a negative externality e. that good is called a pure public good
In an increasing cost industry, the long-run supply curve is
a. positively sloped. b. negatively sloped. c. horizontal. d. vertical.