Members of which European Union institution are popularly elected?
What will be an ideal response?
The European Parliament
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If one really believes that price spikes known as "price gouging" are due to a surge in greed among suppliers, then
A) they haven't quite mastered the economic way of thinking. B) their comfort in knowing that thousands if not millions of others agree with them is not sufficient economic evidence to conclude that their claim is correct. C) their claim implies that significant price decreases are due to a sudden reduction in greed among suppliers. D) all of the above are true.
Which segment of the economy benefited least from the TARP bailout?
A. the very large banks. B. the homeowners. C. the insurance companies. D. financial services industry.
Corporate profits are taxed at too low a rate.
Indicate whether the statement is true or false.
A firm that operates in Stage III of the short-run production function
A) has too much fixed capacity relative to its variable inputs. B) has too little fixed capacity relative to its variable inputs. C) has greatly overestimated the demand for its output. D) should try to increase the amount of variable input used.