Although most large firms in the United States offer their employees health insurance, fewer than two-thirds accept it
Indicate whether the statement is true or false
TRUE
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During the colonial period,
(a) both men and women married on average during their teenage years. (b) women married on average during their teenage years and men during their early 20s. (c) both men and women married on average at ages between 20 and 25. (d) both men and women married on average during their late 20s.
We cannot predict the effect on the market clearing price, but know that the equilibrium quantity will decrease when
A) supply increases and demand decreases B) supply decreases and demand increases. C) supply and demand for a product simultaneously decrease. D) supply and demand for a product simultaneously increase.
In graphical form, the presence of an external benefit that is ignored by consumers can be shown as
A) a market demand curve to the left of the market demand curve for which the consumers take the external benefit into account. B) a market demand curve to the right of the market demand curve for which the consumers take the external benefit into account. C) a market demand curve the same as the market demand curve for which the consumers take the external benefit into account. D) the absence of a market demand curve.
Firms base decisions on the decisions of other firms in the market in:
A. a monopolistically competitive industry. B. a perfectly competitive industry. C. a monopolistic industry. D. an oligopolistic industry.