Around 1910, the ______________ changed everything, including what was inside the home to where the homes were located
a. Airplane
b. Radio
c. Automobile
d. Television
C
You might also like to view...
Trade surplus is the excess of exports over ________
A) capital outflows B) factor payments C) transfers D) imports
A scatter diagram shows the
A) level of one variable over time. B) change in one variable over time. C) relationship between two variables. D) evolution of a variable.
Figure 4-15
Recycling of newspapers has been undermined by its success. The supply of old papers, gathered diligently by those concerned with the environment, has increased dramatically, as has the number of firms that convert the material into recycled newsprint. The quantity demanded has remained relatively stable despite falling prices because newspapers consider recycled newsprint an inferior substitute for regular newsprint. Consequently, the price of recycled newsprint has fallen below the cost of production; recycling firms are going out of business; mountains of old newspapers are left behind. Which graph in Figure 4-15 best illustrates this situation?
a.
1
b.
2
c.
3
d.
4
When analyzing a problem, an economist will attempt to
A. minimize the total cost of an action. B. maximize the net benefit of an action, and this occurs where the marginal benefit equals the marginal cost. C. maximize the total benefit of an action. D. maximize the net benefit of an action, and this occurs where the average benefit equals the average cost.