In general, which of the following do NOT tend to increase trade between two countries?
A) linguistic and/or cultural affinity
B) historical ties
C) larger economies
D) mutual membership in preferential trade agreements
E) the existence of well controlled borders between countries
E
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If the marginal product of the second worker hired by a firm is 14 units and the price of the tenth unit of output is $7, then the marginal revenue product
a. of the second worker is $98, regardless of the structure of the product market b. of the second worker is $98 if the firm is a price searcher in the product market c. of the second worker is $98 if the product market is perfectly competitive d. of the tenth worker is $98 if the product market is perfectly competitive e. of the tenth worker is $98 if the firm is a price searcher in the product market
Less of an economy's resources will be channeled into building new factories and equipment when:
What will be an ideal response?
An increase in per capita production and incomes can be expected to have a large effect in reducing emissions that lead to global warming.
Answer the following statement true (T) or false (F)
The Chinese economy was set back by
A. the Great Leap Forward, but not the Cultural Revolution. B. the Cultural Revolution, but not the Great Leap Forward. C. both the Cultural Revolution and the Great Leap Forward. D. neither the Cultural Revolution nor the Great Leap Forward.