Which of the following is true of sub-Saharan Africa?
What will be an ideal response?
Which of the following is true of sub-Saharan Africa?
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Explain the problem encountered by successive monopolies? How can the supplier and the producer overcome this problem?
Joe's search costs are $5 per search. He wants to buy a video player for his wife for Christmas, and the lowest price he's found so far is $300. Joe thinks 80 percent of the stores charge $300 for video players and 20 percent charge $200. Joe's optimal decision is to:
A. stop searching and purchase a video player for $200. B. continue to search for a lower price since the expected benefit of an additional search is $80, which exceeds his per-unit search costs. C. continue to search for a lower price since the expected benefit of an additional search is $20, which exceeds his per-unit search costs. D. None of the statements is correct.
Salary caps are imposed when league officials believe some football team owners are taking advantage of their deep pockets and buying more quality players than the other owners can afford to buy. Which of the following criteria are they using to guide their actions?
A. equity B. efficiency C. growth D. stability
According to the Ricardian equivalence proposition, a temporary government budget deficit created by cutting taxes
A. will cause future taxes to increase but will have no real economic effects. B. will have the same real economic effects as a budget deficit created by raising government spending. C. would have the same real effects whether or not consumers expect future taxes to change. D. will cause desired consumption to increase.