The country with the lowest child poverty rate of those listed here is
A. Sweden.
B. Denmark.
C. Britain.
D. Australia.
A. Sweden.
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In the economic way of thinking, profit and loss can be eliminated only by
A) appropriate and effective price controls. B) careful and detailed government regulation of business. C) a total elimination of uncertainty. D) taxation. E) the confiscation of private property.
Variance is a measure of ________ and the higher the variance, ________
A) expected profit; the greater the profit B) risk; the greater the risk C) standard deviation; greater the standard deviation D) risk; the lower the risk
In the long run, firms in a perfectly competitive market:
A. produce a quantity that maximizes profits. B. earn zero economic profit. C. choose the level of output that minimizes average total costs. D. All of these are true.
Carefully explain why there are gains from intraindustry trade
What will be an ideal response?