The slope of a non-linear curve
A. is constant.
B. is always positive.
C. is not constant.
D. must first increase then decrease.
Answer: C
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According to this Application, why is the value of Wal-Mart's 2014 sales NOT an accurate measurement of its actual sales impact on the U.S. economy?
A) The sales figure includes the value of purchases from other firms. B) The sales figure did not account for chain-weighted inflation measurements. C) The sales figure was in nominal, not real, dollars. D) The sales figure did not take into account the recession of 2008.
Japan has a single-payer health care system in which the government provides national health insurance to all Japanese residents
Indicate whether the statement is true or false
Most countries in the world have Gini coefficients ranging from:
A. 0.20 to 0.85. B. 0.25 to 0.60. C. 0.10 to 0.50. D. 0.30 to 0.40.
Suppose that a hog-producing firm has been dumping its wastes into the local river. The government taxes the sale of hogs to pay for the cost of the river cleanup. As a result
a. more hogs are produced and the price falls b. more hogs are produced and the price increases c. fewer hogs are produced and the price falls d. fewer hogs are produced and the price increases e. quantity produced doesn't change but the price increases