Which of the following is true of a human mind?
a. A human mind seldom makes consistent error-free calculations.
b. A human mind can attend to more than a handful of concepts at one time.
c. A human mind can fully analyze the interrelationships between different concepts.
d. A human mind can navigate through complex logic to correct conclusions.
A
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To say that turnips are inferior goods means that the income elasticity
A) is definitely greater than 1. B) is definitely between 0 and 1. C) is positive but could be greater than or less than (or equal to) 1. D) is negative.
Firms can acquire access to savings directly ________
A) by issuing securities B) through the payment of taxes to the federal government C) by borrowing from banks D) through the depositing of funds in depository institutions
In monopolistic competition, the end result of entry and exit is that firms end up with a price that lies on the downward-sloping portion of the average cost (AC) curve, not at the very bottom of the AC curve. This means that monopolistic competition will:
a. be productively efficient. b. display allocative efficiency, but only in the short run. c. not be productively efficient. d. display allocative efficiency, but only in the long run.
Use the following consumption schedule to answer the next question. 
At income level 3, the amount of saving is represented by the line segment
A. FD. B. GH. C. FG. D. FH.