Head Start helps disadvantaged children in their preschool years
Indicate whether the statement is true or false
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Economists assume that people are motivated by
A) a desire to please others. B) the interests of the community at large. C) self-interest. D) morally correct behavior.
Technology is best defined as
A) society's pool of applied knowledge concerning the production of goods and services. B) the maximum output that can be obtained from a stock of physical capital. C) output inside the production possibilities curve. D) the utilization of more resources for the same amount of production.
If a perfectly competitive firm's marginal revenue is $35,
a. the next unit sold will earn the firm less than $35 in revenue b. the next unit sold will earn the firm more than $35 in revenue c. the next unit sold will earn no more revenue d. its average revenue is $35 e. its demand curve will shift if more units are sold
The labor supply curve facing an individual employer in a perfectly competitive labor market is:
a. upward sloping. b. downward sloping. c. horizontal. d. greater than MFC. e. the MRP curve.