Refer to the above figure. Minimum efficient scale is at output rate
A. Q1.
B. Q2.
C. Q3.
D. Q5.
Answer: B
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The form of economic organization in which all property is held in common is called
A) communism. B) capitalism. C) socialism. D) utilitarianism.
One obstacle to the adoption of the export promotion model by countries in other regions is that
A) the Uruguay Round of the GATT forbids many types of export promotion policies. B) the Washington Consensus opposes the spread of this model. C) research and development for new exports is too expensive. D) only noncommercial R&D is permitted under the rules of the GATT. E) industrial monopolies in the high-income countries will block further exports by developing countries.
Externalities are
a. side effects passed on to a party other than the buyers and sellers in the market. b. side effects of government intervention in markets. c. external forces that cause the price of a good to be higher than it otherwise would be. d. external forces that help establish equilibrium price.
In a regression equation, the ________ captures the effects of factors that might influence the dependent variable but aren't used as explanatory variables.
A. intercept B. R-square C. slope parameter D. random error term