Discrimination exists when a man and a woman with the same levels of education earn different incomes.
Answer the following statement true (T) or false (F)
False
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In the above figure, what is the marginal cost of the 8th pizza?
A) $1.50 B) $12 C) $6 D) $96 E) 8 pizzas
The supply-demand mechanism will bring an international market into equilibrium
A. at a price below the domestic price. B. where domestic supplies are less than domestic demand. C. with one nation’s price higher than the other nation’s price. D. when the quantity demanded for exports is equal to quantity supplied.
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.
Brazil is able to produce 10 cars and 5 computers in one hour while India is able to produce 1 car and 4 computers in one hour. Brazil has an absolute advantage in producing _________________________.
a) cars and computers b) none of the two goods c) computers d) cars