Most voters choose not to be informed about political and governmental issues because they are not smart enough to really understand the issues
Indicate whether the statement is true or false
False
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If a perfectly competitive firm sells 10 units of output at a market price of $5 per unit, its marginal revenue per unit is:
a. $5. b. $50. c. more than $5 but less than $50. d. less than $5.
The largest spender on research and development in the world (in total dollars or dollar equivalents) is
A. the United States. B. Japan. C. China. D. the United Kingdom.
For which of the following products is the consumer's demand curve most likely to be vertical?
a. lobster, for a seafood lover b. cars, for high school students c. insulin, for a diabetic d. compact disks, for a music lover e. beef, for a food lover
Which of the following is true of an economic union?
A. Free movement of resources, but restricted movement of goods among the member countries B. Free movement of goods, but restricted movement of resources across the member countries C. Harmonization of all economic policies in the member countries D. The members have a common set of tariffs among themselves but the external tariff rates are determined independently.