When P = $65, the quantity demanded of a good is 80 units, and the quantity supplied of the good is 40 units. For every $10 increase in the price of this good, quantity demanded falls by 10 units and quantity supplied rises by 10 units. The equilibrium price of this good is ___________and the equilibrium quantity of this good is _________ units
A) $55; 30
B) $75; 50
C) $75; 70
D) $85; 50
E) $85; 60
E
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Labor productivity increased so much in the second half of the 1990s because of
A) improved information and communications technologies. B) higher levels of educational attainment by workers. C) cheaper foreign imports used in production. D) increased foreign competition.
Which of the following banks is similar to a U.S. investment bank?
A) City banks B) Grossbanken C) Merchant banks D) Cooperative banks
The three central questions for efficient organizational design include all EXCEPT a. does the decision maker have the relevant information?
b. is the decision maker in a supervisory role? c. who is making the decision? d. does the decision maker have an incentive to make a good decision?
There is a significant positive relationship between ________ and __________
a. natural resource commodity exports, high levels of per capita GDP b. investment in capital, high levels of per capita GDP c. high levels of illiteracy, high levels of per capita GDP d. limited government recognition of land tenure and property ownership, high levels of per capita GDP