Monopolists always earn positive short-run economic profit

a. True
b. False

B

Economics

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Which of the following is true?

a. Tangible goods are subject to economic analysis but intangible goods are not b. Intangible goods are just an alternative term for services. c. Goods and services can be made costless by having the government give them away to citizens. d. All goods and services, whether tangible or intangible, are made from scarce resources and are subject to economic analysis.

Economics

Society has to establish priorities among its goals because of

a. lazy politicians b. manipulative politicians c. uneducated voters d. a scarcity of resources e. too many bosses and not enough workers

Economics