Answer the following statements true (T) or false (F)
1) Firms with market power are price takers.
2) The more substitutes a good has, the larger the markup.
3) Monopolies always earn economic profits.
4) If a monopoly's total revenue is less than its variable cost, it should shut-down in order to minimize its loss.
5) A deadweight loss can result from producing less or more than the efficient quantity.
1) FALSE
2) FALSE
3) FALSE
4) TRUE
5) TRUE
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Compared to foraging societies, modern industrial societies suffer from epidemics:
A. less often, because of advances in modern medicine B. just as often; modern medicine balances population density C. more often, because of population density D. exclusively; foraging peoples are not affected by epidemics
Early states arose out of competition between rival egalitarian societies.
Answer the following statement true (T) or false (F)
Resettlement policies in colonized areas were designed to do all of the following EXCEPT __________
a. make resistance to colonizers more difficult b. move indigenous peoples off desirable land c. accelerate the process of forced assimilation d. share all land and resources with the indigenous population(ANALZYE;
Meiosis occurs only in ovaries
a. True b. False Indicate whether the statement is true or false