In the long run, foreign labor remains cheap when and if
a. it becomes highly efficient and competes successfully internationally.
b. countries erect barriers to trade between poor countries.
c. productivity increases more rapidly in poor countries than in rich countries.
d. it remains inefficient compared to other countries' labor.
d
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An increase in the price of wheat futures will tend to cause
A) a decrease in current wheat consumption. B) an increase in short-selling of wheat. C) a shortage of wheat in the future. D) a surplus of wheat in the future.
You would expect the demand for food to be more inelastic than the demand for cookies
Indicate whether the statement is true or false
Voters' Ordered PreferencesAbbyBobCarloPublic parksPublic zooPublic transportationPublic zooPublic transportationPublic parksPublic transportationPublic parksPublic zooIf a pair-wise majority vote was held and the voters' preferences are shown in the table, which option would win overall?
A. It is impossible to predict which option would win. B. Public zoo C. Public transportation D. Public parks
Refer to the information provided in Scenario 36.5 below to answer the question(s) that follow.SCENARIO 36.5: The tiny nation of Bugaboo consists of two virtually identical islands, Achoo and Zoink, separated by the Strait of Dingo. The islands are similar in geography and population. The only telephone service on the islands is cellular, and the only cellular provider on the islands is the government-owned Bugaboo Communications Company, which charges a standardized rate of 20 Bugabucks per minute. Both islands add on an additional $5 Bugabucks-per-minute usage tax. As a way to increase revenue, the island governor of Zoink decided to increase the usage tax to $10 per minute, effective January 1, 2017. The average monthly cellphone usage per month is listed in the table below.?Average
Monthly Telephone Use per Resident (minutes)Island20162017Achoo4,5005,150Zoink4,8005,225Refer to Scenario 36.5. The total cost of telephone service for residents of Zoink in 2017 is ________ Bugabucks. A. 26,125 B. 52,250 C. 156,750 D. 182,875