Refer to Figure 1-4. Which of the following statements is false?
A) The slope of the tangent at E and the slope of the tangent at F are equal.
B) The slope of the tangent at F is negative.
C) The slope of the tangent at E is positive.
D) Neither the slope of the tangent at E nor the slope of the tangent at F are equal to zero.
A
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During the 1990s, which of the following did NOT occur?
A) Private savings fell. B) Investment rose. C) Public savings increased. D) The United States received capital inflows. E) Private savings was greater than investment for most of the 1990s.
Which of the following types of goods is subject to the free-rider problem?
A) a private good B) a public good C) a product that creates a positive externality D) a product that creates a negative externality
Economic profit made by a firm is equal to: a. total revenue minus the sum of implicit and explicit costs for the firm. b. total revenue minus implicit cost for the firm
c. total revenue minus explicit cost for the firm. d. marginal revenue minus the explicit cost for the firm.
The World Bank defines extreme poverty as income of less than $1.90 per day per person.
Answer the following statement true (T) or false (F)