The number of countries belonging to the World Trade Organization (WTO), as of 2013, is about:
A. 159.
B. 125.
C. 80.
D. 202.
A. 159.
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Unemployment compensation, by ________ layoffs at firms whose sales have declined, ________ the natural rate of unemployment
A) encouraging, raises B) encouraging, lowers C) discouraging, raises D) discouraging, lowers
When sellers have more information about hidden characteristics of a good than buyers have, more low-quality units are likely to be sold than high-quality units. This is
a. the law of diminishing marginal returns b. the law of natural selection c. the winner's curse d. the lemons problem e. the problem of common pools
If a good or service has only one seller, then the seller is called a monopoly
a. True b. False Indicate whether the statement is true or false
If the official poverty line for a family of four is $15,000, then the Department of Agriculture's minimum food bundle costs a family of four ________ per year.
A. $1,500 B. $3,000 C. $5,000 D. $15,000