Which statement is false?
A. Growing automobile imports have made that industry's concentration ratio less relevant.
B. The Japanese automobiles have reduced the concentration ratio in that industry.
C. Most cars made in the United States are made by General Motors, Ford, and Chrysler.
D. None of these statements are false.
D. None of these statements are false.
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The tax cuts of 2008 and 2009 reduced the disposable income of U.S. consumers.
Answer the following statement true (T) or false (F)
Opportunity cost is the
A. cost incurred when one fails to take advantage of an opportunity. B. cost incurred in order to increase the availability of attractive opportunities. C. cost of the best option forgone as a result of choosing an alternative. D. drudgery of the undesirable aspects of an option.