Nearly _____________ of the world's people have never made a phone call.

Fill in the blank(s) with the appropriate word(s).


two-thirds

Economics

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The fundamental rule of profit maximization for firms is to produce where:

a. MR = MC. b. ATC is minimized. c. quantity of output is maximized. d. price is maximized. e. total revenue is maximized.

Economics

A market economy depends on market mechanisms to: a. determine the most efficient way of using resources

b. determine how large the government's budget deficit should be. c. decide how much government regulation there should be. d. provide everyone with a minimum level of income.

Economics

Over-the-counter (OTC) markets:

A. are centralized exchanges but you must be a dealer to be part of an exchange. B. only deal in the stocks of companies with over $100 million in capital. C. employ specialists to minimize price volatility. D. are networks of security dealers linked electronically.

Economics

The bulk of the decline in the natural rate of unemployment from 1980 to 2000 is because of

A. increased competition from foreign workers. B. the depreciation of the dollar relative to foreign currencies. C. a decline in the inflation rate. D. a decline in the share of young workers in the labor force.

Economics