Refer to the accompanying table. ________ has the comparative advantage in making pizza, and ________ has the comparative advantage in delivering pizza. Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. Corey; Corey
B. Pat; Corey
C. Pat; Pat
D. Corey; Pat
Answer: D
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For monopoly
A) the four-firm concentration ratio is 100. B) the Herfindahl-Hirschman Index is 10,000. C) there is only one firm in the industry. D) All of the above answers are correct.
Which of the following about Social Security is true?
a. Labor participation tends to increase as spousal earnings increase. b. Social Security works to the disadvantage of low-wage workers due to their shorter life expectancy. c. Low-wage workers derive a higher rate of return from their Social Security taxes than high-wage workers. d. High-wage workers generally begin full-time work at younger ages than low-wage workers.
Just under half of the people in the world who live in extreme poverty live in China and India combined.
Answer the following statement true (T) or false (F)
Refer to the below data. If government adopts a price support program that sets the price at $8, then there will be a:
A. Shortage of 100 bushels
B. Surplus of 100 bushels
C. Surplus of 200 bushels
D. Surplus of 300 bushels