The statement "Managers with a college education earn $18 an hour while ski instructors who did not complete college earn $10" is
A) a political statement.
B) a positive statement.
C) a normative statement.
D) an ethical statement.
B
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Which statement below is true for a price searcher?
A) Net revenue can only be positive. B) Net revenue can only be negative. C) Net revenue can only be zero. D) Net revenue can be positive, negative, or zero.
Due to a scarcity of resources,
a. governments should decide what should be produced b. the government must decide how to allocate available resources c. some members of each society must live in poverty d. every society must choose among competing uses of available resources e. resource availability exceeds the possible uses for available resources
The more capital a laborer works with, the more output the worker creates
Indicate whether the statement is true or false
Private goods are not excludable
a. True b. False Indicate whether the statement is true or false