Pluralistic ignorance exists when the members of a group believe one thing but mistakenly assume that most of the other members believe something else

A demand curve that is horizontal indicates that the commodity

A) has few substitutes. B) must be very cheap. C) is a necessity. D) has a large number of substitutes.

To manufacture 1,000 pairs of shoes in a week, a firm must use at least 1,500 workers and 5 machines or 100 machines and 150 workers. Which method can be technically efficient?

A. 1,500 workers and 5 machines B. 150 workers and 100 machines C. Both D. Neither