A school of tuna swimming in the ocean is
A) nonexcludable and rival.
B) excludable and rival.
C) nonexcludable and nonrival.
D) excludable and nonrival.
A
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Of all of the people who became permanent legal residents of the U.S. in 2011, about how many were sponsored by employers?
A. 5% B. 13% C. 25% D. 33%
Refer to Figure 6-1. A perfectly elastic demand curve is shown in
A) Panel A. B) Panel B. C) Panel C. D) Panel D.
When the price of a good or service changes a. the supply curve shifts in the opposite direction. b. the demand curve shifts in the opposite direction. c. the demand curve shifts in the same direction
d. there is a movement along a given demand curve.
Product differentiation is used by an oligopoly in an effort to gain market share.
Answer the following statement true (T) or false (F)