Approximately what percentage of the world's extinct species became extinct before humans appeared on earth?
A) 1 percent
B) 10 percent
C) 20 percent
D) more than 99 percent
D
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In 1975 the Swiss National Bank announced a policy of targeting ________
A) the level of income B) interest rates C) rational expectations D) monetary aggregates
Refer to the graph shown for a small country that is a price taker internationally.
Assume the foreign supply of this product is perfectly elastic at a price of $4 per unit. To have the same effect on imports as a $2 per-unit tariff, the government would need to set an import quota of:
A. 2,500 units. B. 5,000 units. C. 1,200 units. D. 1,300 units.
Compared to an efficient perfectly competitive industry, the monopolist will
A. produce more output at a lower price. B. produce less output and charge a higher price. C. produce more output at a higher price and higher profit. D. produce less output at a higher total cost.
If the expected rate of return on investment decreases, then most likely the:
A. Investment schedule will shift upward B. Investment schedule will shift downward C. Consumption schedule will shift upward D. Consumption schedule will shift downward