The United States in 2010 had about:
A. 1.8 percent of the world's population and generated about 10 percent of the world's output
B. 2.4 percent of the world's population and generated about 20 percent of the world's output
C. 4.5 percent of the world's population and generated about 23 percent of the world's output
D. 10 percent of the world's population and generated about 30 percent of the world's output
C. 4.5 percent of the world's population and generated about 23 percent of the world's output
You might also like to view...
Refer to Figure g. Lily's benefit function (dashed) is more concave than Millie's (dotted) in Figure g. Millie:
A. is more risk averse than Lily.
B. is less risk averse than Lily.
C. has a larger risk premium than Lily.
D. has a lower certainty equivalent than Lily.
Firms that extend credit to borrowers using funds raised from savers are called:
A. bond dealers. B. central banks. C. financial intermediaries. D. stock brokers.
Which of the following is not a reason why unionized firms can successfully compete with nonunionized firms?
A. Unionized firms are legally protected from price competition with nonunionized firms. B. Employee morale may be higher at unionized firms, so workers are more productive. C. Labor turnover is lower at unionized firms, so unionized firms have lower hiring costs. D. Communication between management and workers is better at unionized firms.
Firms in a perfectly competitive industry are producing goods efficiently in the long run if each is producing at the minimum point of the
A) AVC curve. B) MC curve. C) LAC curve. D) AFC curve.