Refer to Table 4-7. The equations above describe the demand and supply for Pauline's Pickled Pomegranates. What are the equilibrium price and quantity (in thousands) for Pauline's Pickled Pomegranates?
A) $20 and 10 thousand B) $60 and 20 thousand
C) $15 and 45 thousand D) $30 and 15 thousand
D
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Which of the following is NOT a criticism that has been leveled at the World Bank?
A) Since 1990, the World Bank has loaned mostly to African countries, to the detriment of nations in other parts of the world. B) Too many loans go to nations capable of privately financing their projects. C) Some countries receiving World Bank loans are net lenders of funds to other nations and so should not be receiving World Bank funds. D) Despite receiving loans from the World Bank, economic growth in many client nations has been disappointing.
When moving along a demand curve, which of the following changes?
A) the consumers' incomes B) the price of the good C) the number of buyers D) the consumers' preferences E) the prices of other goods
Invention is
A. the act of discovering new products or new ways of making products. B. the act of putting new ideas into effect. C. the collaboration of land, labor, and capital to bring to market goods and services. D. the act of reducing the number of inputs to increase the amount of output.
According to the special-interest theory of government, government officials and policymakers:
A. are assumed to maximize the social good. B. tend to listen to small groups of people who contribute money to their political campaigns. C. manage resources to maximize efficiency. D. have a strong incentive to ensure that society's members equally benefit from a project.