Analysts that favor a fast transition to market economies argue that China's success with a gradual transition is a special case because
A) its trade flows were relatively large.
B) so much of its labor force was in agriculture.
C) heavy industry already had a strong foothold when the transition began.
D) its coastal areas were already relatively well developed.
E) its labor force was relatively well educated.
B
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As long as the practice does not restrict competition, he European Union competition law considers all of the following permissible except which one?
A) resale price maintenance B) exclusive dealing contracts C) price discrimination D) tying contracts
Refer to the data in Figure 22.1. The shape of the total revenue curve indicates that the price of this good
A. Falls at first as output rises, but then rises as output rises. B. Falls as output rises. C. Rises as output rises. D. Stays the same as output rises.
What is the rationale for the slope of an indifference curve in a two-product (A and B) case?
Please provide the best answer for the statement.
What is the price of funds in the loanable funds market?
a. The real wage rate b. The Consumer Price Index c. The interest rate d. The profit rate e. The GDP price index