Although Europe is not an OCA, some areas in the European Union would probably meet the criteria. Which of the following would meet them?
A) France, Sweden, and Denmark
B) the former Eastern bloc nations of Yugoslavia, Romania, and Bulgaria
C) the Netherlands, Denmark, and Britain
D) Italy, Germany, Austria, Belgium, the Netherlands, and Luxembourg
Ans: D) Italy, Germany, Austria, Belgium, the Netherlands, and Luxembourg
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When a government imposes price controls, the result is that
A) the rationing function of prices is not allowed to function freely. B) the price system operates more efficiently. C) all trades are as mutually beneficial to each party as possible. D) scarcity usually disappears.
Pay disparity by race:
A. is caused by a combination of discrimination and differences in skills. B. is caused solely by discrimination. C. is caused solely by differences in skills. D. has disappeared in the last five years.
The quantity of iPads that people plan to buy this month depends on all of the following EXCEPT the
A) price of a rival's tablet. B) price of an iPad. C) the technology used to produce an iPad. D) price of apps.
List and define two types of capital income
What will be an ideal response?