Aperfectly competitive firm's marginal revenue a) equals the market price of its product. b) decreases as the firm produces more output. c) increases as the firm produces more output. d) is less than the market price of its product.

1.how is germany's economic system similar to that of the united kingdom a.both are free-market economic b.both are command economic c.both are mixed economic d.both are traditional economic

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.

8. select a supreme court case that has been particularly important in protecting civil liberties in the united states. in a three-paragraph essay, describe the case and the ruling, then explain how the case demonstrates why it is important that the supreme court is: a. protected from political or public pressure (since justices are appointed rather than elected and serve lifetime terms) b. able to change its interpretations of the law over time (10 points)