A higher rate of saving at the national level will, in the long-run ________
A) cause a decrease in levels of capital and output
B) have no effect on levels of capital and output
C) lead to an increase in population growth
D) cause an increase in levels of capital and output
D
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In the context of the environment, the type of transactions costs that includes sampling the emissions of many companies to determine which company or companies are emitting pollution are called
A) search costs. B) collectivization costs. C) negotiation costs. D) monitoring and enforcement costs.
Monopolies generally ________ technology and globalization.
A. lead to an increase in B. are unaffected by C. thrive with D. are reduced in number by
Suppose each worker must use only one shovel to dig a trench, and shovels are useless by themselves. In the short run, an increase in the price of shovels will result in
A) fewer shovels being purchased. B) more workers being hired. C) a decrease in the firm's output. D) no change in the firm's output.
Refer to the information provided in Figure 7.4 below to answer the question(s) that follow. 
Figure 7.4Refer to Figure 7.4. The average product of two workers is
A. 10. B. 16. C. 22. D. 44.