The rule of equating marginal benefit with marginal cost is proper for economics, but it does not describe the way in which people make non-economic decisions
a. True
b. False
Indicate whether the statement is true or false
False
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A survey of 200,000 people finds 76,300 "employed," 6,640 "unemployed," and the remaining 117,060 "not in the labor force." What is the unemployment rate derived from these numbers?
A) 8.7 percent B) 3.3 percent C) 8.0 percent D) 5.7 percent
Gains from trade can be realized if each country specializes in the production of a good in which it has a comparative advantage
a. True b. False Indicate whether the statement is true or false
If Sally maximizes her total utility by allocating time between two different activities, she will select the combination at which the marginal utility per hour spent is the same in both activities
a. True b. False
Corporations must always pay dividends to their shareholders
a. True b. False Indicate whether the statement is true or false