Compared with the U.S., developing countries
a. face geographic conditions that limit productivity.
b. have universal health care that prevent the spread of diseases.
c. more political stability.
d. higher levels of educational attainment.
a
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If a monopolist were allowed (and able) to first degree price discrimination, there would be no efficiency/equity tradeoff so long as the government can tax the profits of the firm and redistribute the tax revenues in a lump sum way.
Answer the following statement true (T) or false (F)
According to the "law" of demand, we would expect
a. the demand curve to be negatively sloped. b. the demand curve to be positively sloped. c. the total quantity demanded by the market to move in the same direction as price. d. marginal utility to increase as quantity demanded increases.
The U.S. non-institutional adult population consists of all civilians 16 years of age and older except which of the following:
a. those in prison b. those in mental hospitals c. those in homes for the aged d. All of the above are excluded in the U.S. non-institutional adult population
Although Europe is not an OCA, some areas in the European Union would probably meet the criteria. Which of the following would meet them?
A) France, Sweden, and Denmark B) the former Eastern bloc nations of Yugoslavia, Romania, and Bulgaria C) the Netherlands, Denmark, and Britain D) Italy, Germany, Austria, Belgium, the Netherlands, and Luxembourg