India is one of the countries that did not participate in the process of globalization
a. True
b. False
Indicate whether the statement is true or false
False
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Suppose a new Dunkin' Donuts shop has opened in town. Its main competitor, Doughnut Delite, will likely
a. begin to produce more doughnuts. b. experience higher marginal costs. c. reduce its prices and production. d. make no changes in its pricing and production decisions.
When the wage increases, the substitution effect in the household's choices leads to
A) a decrease in consumption and leisure. B) a decrease in consumption and an increase in leisure. C) an increase in consumption and a decrease in leisure. D) an increase in consumption and leisure.
Refer to Scenario 13.9. What kind of game is being played by Lago and Nessie?
A) Battle of the Sexes. B) Prisoners' Dilemma. C) Beach Location. D) Stackelberg Output Choice. E) Cournot Output Choice.
If all developed countries were willing to meet the U.N.'s Millennium Aid Goal for foreign aid, this would eliminate global poverty.
Answer the following statement true (T) or false (F)