In contrast to richer countries, most residents of poorer nations will have
a. only some primary education.
b. primary and secondary education.
c. higher education.
d. higher levels of productivity.
a
You might also like to view...
Some firms practice odd pricing because
A) it is a way to price discriminate. B) it is too difficult for sellers to reeducate buyers into accepting even prices. C) it lowers transactions costs. D) they believe that customers will buy a larger quantity with an odd price.
Suppose Matt's New Cars issues and sells a one-year discount bond for $9,259 and repays $10,000 at maturity. The interest rate on this bond would be
A) 2.6%. B) 7.41%. C) 8%. D) 10%.
Game theory is necessary to understand which kinds of markets? (i) perfectly competitive (ii) monopolistically competitive (iii) oligopoly (iv) duopoly (v) monopoly
a. (i) and (ii) only b. (iii), (iv), and (v) only c. (iii) and (iv) only d. (i), (ii), (iii), (iv), and (v)
Refer to the graph shown. This set of cost curves is:
A. wrong because the marginal cost curve should go through the minimum points of the ATC and AVC curves in that order. B. wrong because the ATC should be below the AVC. C. correct. D. wrong because the marginal cost curve should not intersect the average total cost curve.