At the beginning of the twenty-first century,
(a) many people returned to living in the Northeast and Midwest.
(b) the majority of U.S. citizens lived in rural areas.
(c) the majority of people resided in the South and West.
(d) all of the above
(c)
You might also like to view...
How does the Ultimatum Game work? What does experimental evidence show about the outcome of the Ultimatum game?
What will be an ideal response?
Suppose the Swiss government subsidized its watch-making industry, enabling Swiss producers to undersell foreign watch producers. The law of comparative advantage indicates that watch-importing nations would best take advantage of the Swiss subsidization policy by a. setting a tariff high enough to just offset the subsidy granted to the Swiss watch-making industry
b. setting a declining quota on the import of Swiss watches such that the nation's domestic watch-making industry would continue to grow at the same rate as the rest of the economy. c. setting a tariff such that the prices of Swiss and domestic watches to the consumer are equal. d. gladly accepting the subsidy of the Swiss government, making the appropriate adjustment for the resources temporarily displaced from the domestic watch-making industry.
Price discrimination can benefit some consumers when
a. the additional profit realized by the monopolist equals the cost incurred b. the government comes in to regulate the market c. competitors are also able to price discriminate d. those consumers pay a price lower than the price they would have to pay a single-price monopolist e. those consumers pay a price higher than the price they would have to pay a single-price monopolist
The government budget deficit is
a. the difference between government purchases and government revenues from bonds and taxes b. caused by a lack of business sector investment c. created when the government expenditures exceed net taxes d. caused by leakages in the economy e. is created by government injections