A newspaper headline announces that "more college graduates than ever are in the labor force." This is an example of
a. microeconomic analysis
b. an abstraction
c. a value judgment
d. a positive statement
e. macroeconomic analysis
D
Economics
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Why does a monopolist's total revenue eventually fall as it produces and sells more output?
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Which of the following is a variable cost for an airline?
a. insurance b. property taxes c. jet fuel d. rent of airport space
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Looking at the table of the four types of goods, goods that are excludable consist of ______ goods.
a. private and club
b. private and common
c. public and common
d. public and club
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A Herfindahl index of 10,000 suggests:
A. perfect competition. B. monopolistic competition. C. oligopoly. D. monopoly.
Economics