Birth- and population-control efforts in many DVCs (developing countries) face the following obstacles, except:
A. Low literacy rates
B. Religious reasons
C. Peasant agriculture view about children
D. Government authorities
D. Government authorities
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All of the following are explanations of the post-1973 productivity slowdown except
A) problems in measuring productivity. B) changes in the legal and human environment. C) higher oil prices. D) greater competition from foreign imports.
Cartels are unstable for each of the following reasons except which one?
A) entry by new firms B) the self-interest of each member C) barriers to entry D) the bargaining necessary to form a cartel
A natural monopoly is characterized by:
A. Collusion with other competitors to divide up the market B. A decreasing average-cost curve extending beyond the market's size C. A firm protected from competition by a government regulation D. A firm having control over the entire supply of a basic input in the production process
A price ceiling established below the market clearing price will usually cause
A. no change in the market clearing price. B. an excess supply. C. nonprice rationing. D. a decrease in the market clearing price.