Governments can increase the likelihood of economic development by
What will be an ideal response?
Supporting smooth transitions from one set of office-holders to another.
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Use the following diagram to answer the next question.
Which of the following statements about this market is not correct?
A. A wage rate of $5 maximizes the number of workers employed. B. Employers would benefit from a higher wage since they could profitably attract more workers. C. At a wage rate greater than $5 less than 500 workers would be employed. D. At a wage rate less than $5, less than 500 workers are supplied, so no more can be employed.
In the foreign exchange market, an increase in the U.S. interest rate leads to ________ in the exchange rate because the supply of dollars ________
A) a fall; decreases B) a rise; increases C) a rise; decreases D) no change; does not change E) a fall; increases
One characteristic of a public good is that it
A) is available for consumption by only a few individuals at any particular time. B) always eliminates the free-rider problem. C) can be consumed simultaneously by many individuals. D) can be easily subdivided into small units.
Figure 13-1
?
In Figure 13-1, for a monopolistically competitive firm, long-run equilibrium can occur only at the quantity indicated by which point?
A. A B. B C. C D. D