Many of India's most talented people move to countries where doing business is easier than in India
Talented people leaving their own countries for countries where doing business is easier or where their job skills are in greater demand is known as A) fight-or-flight.
B) export exodus.
C) brain drain.
D) in-migration.
C
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Usually the imposition of trade barriers affecting a particular good benefits ________ people domestically, each of whom gains a ________
A) a few; little B) a few; lot C) many; little D) many; lot
When costs are uncertain, the type of procurement contract that will cover the uncertain costs plus an agreed-upon rate of return is _____
a. fixed fee b. cost plus fixed fee c. cost plus percentage fee d. cost plus incentive fee
Bill sells Mary a worthless coin that Bill deviously told Mary "belonged to an ancient Persian king and is of enormous value to coin collectors." Economists would call this an
A. inefficient exchange because there were externalities involved. B. efficient exchange, as any type of voluntary exchange promotes efficiency. C. inefficient exchange, as at least one party used false market information. D. efficient exchange, assuming Bill was not intentionally trying to trick Mary.
Refer to the table. If the economy is producing at production alternative C, the opportunity cost of the tenth unit of consumer goods will be:
Answer the question on the basis of the data given in the following production possibilities
table:
A. 4 units of capital goods.
B. 2 units of capital goods.
C. 3 units of capital goods.
D. 1 / 3 of a unit of capital goods.