Most private medical insurance is provided through employers as a benefit to their employees.
A. True
B. False
C. Uncertain
A. True
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In a Nash-Cournot equilibrium where firms produce identical products with unequal costs,
A) the firm with lower costs charges a higher price. B) the firm with higher costs charges a higher price. C) the firm with lower costs produces more. D) the firm with higher costs produces more.
The scientific method is useful
a. only in fields of science such as chemistry and physics b. for testing the validity of theoretical predictions c. for testing the validity of a model's assumptions d. when no economic variables can be assumed to be constant e. only if a theory has been proven to be true
Many economists argue that the most efficient way to control pollution is to
a. ban all activities that create pollution. b. enforce legal standards on air and water quality. c. promote environmental awareness among citizens. d. impose taxes on emissions.
Use the following graph of the demand for noodles to answer the question below.
Refer to the three demand curves for noodles and assume noodles are an inferior good. Which of the following would shift the demand for noodles from D1 to D2?
A. an increase in consumer incomes B. a decrease in consumer incomes C. a decrease in the price of noodles D. an increase in the price of noodles