Less-developed countries are experiencing rapid population growth because birthrates are on the rise and mortality rates are falling
a. True
b. False
Indicate whether the statement is true or false
True
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A liberal philosophy of land distribution would support which of the following rules about paying for western land?
a. High minimum acreage rules for people buying land b. High minimum prices for land c. Credit payments for the land
A monopolist has less to gain from cost-saving measures in the production process when
a. the monopoly is unregulated. b. regulators use average cost pricing to set the monopolist's price. c. the demand for the product of the monopolist is inelastic. d. changes in the regulated price occur only after considerable delay.
If a variable input is added to some fixed input, beyond some point the resulting extra output will decline. This statement describes:
A. economies and diseconomies of scale. B. X-inefficiency. C. the law of diminishing returns. D. the law of diminishing marginal utility.
The Chinese, like the Japanese before them, have insisted on licensing agreements and large-scale transfer of technology as the price to agreeing to accept imports. But the Chinese have taken this process one step further by ______________________________________.
Fill in the blank(s) with the appropriate word(s).