Which of the following countries has the highest population in the world?
A) Indonesia
B) Russia
C) India
D) China
D
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The producer surplus of making and selling 10 chairs is found by
A) multiplying the selling price by 10. B) subtracting the marginal cost from the selling price for each chair and summing the differences for all 10 chairs. C) subtracting from the total revenue the cost of producing one chair multiplied by 10. D) adding the marginal cost and the price of all 10 chairs. E) None of the above answers is correct.
One way the Canadian system lowers costs is by rationing expensive procedures
a. True b. False
A rightward shift of a supply curve
a. represents a decrease in supply b. might be caused by an increase in demand c. might be caused by a price ceiling d. would cause an excess quantity supplied at the previous equilibrium price e. might be caused by a decrease in demand
What group of workers is more organized than any other type of worker group?
a. automobile b. manufacturing c. government d. education