In Brazil, Higher Education Is Reserved To A Tiny Minority, With What Effect?
a. The country has experienced a “brain drain.”
b. Industrialization has been slow in Brazil.
c. Social mobility is severely curtailed.
d. High-tech companies tend not to thrive in the country.
Ans: c. Social mobility is severely curtailed.
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In most business situations where firms compete, often they can escape the prisoner's dilemma and reach the most profitable outcome. Which of the following is a reason for this?
A) Most games are repeated games and firms can employ retaliation strategies against those who do not cooperate. B) Most games are one-shot games so firms learn from their mistakes. C) Firms are constantly improving their products and anticipating changing consumer tastes. D) Firms engage in aggressive advertising to overcome the barriers to loyalty.
If aggregate demand just increased, which of the following may have caused the increase?
A) an increase in the interest rate B) an increase in imports C) an increase in government purchases D) an increase in the price level
If individuals who sit in the back of the classroom receive lower grades on average than the rest of the class, does that mean that sitting in the back of a classroom causes one to perform poorly on exams?
a. Not necessarily. The reoccurrence of a certain relationship between two variables does not necessarily imply causation. b. It is not possible for an economist to determine causation between variables. c. The reoccurrence of such a relationship is sufficient evidence that sitting in the back of a classroom will lead to lower grades. d. The reoccurrence of such a relationship is sufficient evidence that students who receive low grades prefer to keep a low profile and always sit in the back of the classroom.
Assume that the MPC is 0.85 and investment spending rises by $100 million. How much consumption spending will this generate in the second round of spending?
A. $15 million B. $85 million C. $100 million D. $118 million E. $185 million