Which of the following is not a type of trade restriction?
a. low-interest loans to foreign buyers
b. export subsidies to domestic producers
c. restrictive health and safety standards
d. domestic content requirements
e. economies of scale
E
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Which of the following is not an indicator that is used to compute the Human Development Index?
a. life expectancy at birth. b. real GDP per capita. c. infant mortality rate. d. adult literacy rate.
Policy activists' hope that they can undertake successful stabilization policy is ________ by the fact that natural real GDP ________ during recessions
A) improved, falls B) worsened, falls C) improved, increases D) worsened, increases
The GDP is the value of all final goods and services produced
A. by domestically controlled companies.
B. by domestically owned companies.
C. by citizens of the country.
D. within a nation's boundaries.
Suppose Acme and Mega produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product.
Suppose Acme and Mega decide to collude and work together as a monopolist with each firm producing half the quantity demanded by the market at the monopoly price. If Mega cheats on the agreement by reducing its price to $1 and Acme matches the price cut, then if consumers are evenly split between the two firms, Acme's economic profit will be ________.
A. $75 B. $150 C. $200 D. $100