Roughly 144 million people in the United States hold jobs
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose that a country imports $5.7 billion of goods and services and exports $4.2 billion of goods and services. What is the value of net exports?
A. -$1.5 billion B. $9.9 billion C. -$9.9 billion D. $1.5 billion
The more price elastic the demand curve, the more a competitive market will over-produce (relative to the efficient level) in the presence of a negative externality.
Answer the following statement true (T) or false (F)
A good with a perfectly inelastic supply has a price elasticity of supply:
A) equal to zero. B) between zero and one. C) equal to one. D) greater than one.
Consumers choose their cellphone plans according to their needs and package features. This is an example of
A) importance of information to consumers' choices. B) importance of making personal budget. C) maximizing an objective that is subject to a constraint. D) minimize the cost of cellphone usage.