Industrial market countries are also referred to as
a. developing countries
b. low-income economies
c. middle-income economies
d. transitional economies
e. high-income economies
E
You might also like to view...
In the figure above, suppose that the government imposes a tax of $4 per pizza. Then, the
A) buyers and sellers equally share the incidence of the tax. B) shaded area is the deadweight loss from the tax. C) shaded area is the tax revenue from the tax. D) Both answers A and B are correct. E) Both answers A and C are correct.
Under perfect price discrimination, consumer surplus
A) is less than zero. B) is greater than zero. C) equals zero. D) is maximized.
Which of the following would NOT be a reason for a shift in the labor demand curve?
A) a change in demand for the final product B) a change in labor productivity C) a change in the market wage rate D) a change in the price of a related input
The relative cost of achieving a fixed standard of living in different situations is called:
A. a cost of living index. B. compensating variation. C. real income. D. consumer surplus.