The growth in the number of poor families since 1965 has resulted overwhelmingly from a growth in the number of elderly households
Indicate whether the statement is true or false
false
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In competitive markets,
a. firms produce identical products. b. no individual buyer can influence the market price. c. no individual seller can influence the market price. d. All of the above are correct.
What is characteristic of a traditional economy?
What will be an ideal response?
Suppose that for Halim, the marginal utility of a baseball bat is 50 utils, the marginal utility of a tennis racket is 40 utils, and the marginal utility of an official NFL football is 30 utils. The baseball bat is $35.00, the tennis racket is $200, and the football is $100.00. What can you conclude from this information?
a. Halim will be more inclined to purchase a baseball bat. b. Halim will be more inclined to purchase a tennis racket. c. Halim will be more inclined to purchase a football. d. Halim is in consumer equilibrium regarding the three types of sports equipment.
When a new airline opens service between two major cities, the supply of airline seats ____ and the supply curve of airline seats shifts ____. Question 15 options:
A. increases; leftward B. decreases; leftward C. increases; rightward D. decreases; rightward E. increases; does not change