During recent years, Green Revolution scientists have
a. focused on techniques of organic farming
b. focused primarily on developing new strains of wheat and corn
c. produced seeds for a greater variety of crops
d. engaged in little activity since their funding has been cut off
e. focused on political issues of agriculture in developing countries
Answer: c. produced seeds for a greater variety of crops
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If Japan and the United States engage in trade, and Japan gains as a result of the trade, does that mean the United States has lost in some manner?
What will be an ideal response?
The demand curve a monopolist faces:
a. is more elastic than a perfectly competitive firm's demand curve. b. is the market demand curve. c. is as elastic as a perfectly competitive firm's demand curve. d. is not affected by the prices of complements. e. will not shift in response to a change in consumer tastes.
The central bank of a country alters the quantity of money in a way that affects the supply curve in the market for loanable funds. In this way, it is able to change the interest rates
a. True b. False Indicate whether the statement is true or false
The closer the industry concentration ratio is to 100, the more likely it is that
A. there are a reasonably large number of medium-sized firms. B. this is an industry approaching perfect competition. C. there is a small number of large firms. D. price competition is being practiced.