Affirmative action laws require employers to hire specified numbers of minorities
a. True
b. False
Indicate whether the statement is true or false
False
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Under a strict liability standard, the person who causes an accident is liable
a. whether or not he has been negligent. b. if he could have prevented the accident at a cost less than the damages caused. c. if he could have prevented the accident at a cost less than the damages caused times the probability of the accident's occurrence. d. unless the plaintiff could have prevented the accident at a cost less than the damages incurred times the probability of the accident's occurrence.
If the bidders at a first-price auction have true values of $78, $72, $66, and $65, the item will sell for
a. $78 b. just under $78 c. $72 d. just over $72
Which U.S. president said, "Give me a one-handed economist. All my economists say ‘On the one hand, and then on the other hand.'"?
A) Barack Obama B) Bill Clinton C) Ronald Reagan D) Dwight D. Eisenhower E) Harry S. Truman
If your cell phone bill is $40 when you use up to 300 minutes per month or $80 when you use between 300 and 400 minutes per month, the marginal cost of the 301st minute is:
A. $40. B. $80. C. $0.27. D. $0.13.