Refer to the scenario above. Which country is likely to have the highest Human Development Index?
A) Neoland B) Ritzland C) Techland D) Eduland
C
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Assume a market is in equilibrium. There is an increase in supply, but no change in demand As a result the equilibrium price ________, and the equilibrium quantity ________
A) rises; increases B) rises; decreases C) rises; does not change D) falls; decreases E) falls; increases
The amount of redistribution in the United States has increased considerably since 1968 . Over that same period, the percentage of households in poverty has _____
a. fallen b. risen c. remained constant d. fell until 1982 at which point it began rising again
Suppose Ben owns a small company that makes kites. The market for kites is perfectly competitive, and kites sell for $25 each. Ben's total production costs vary depending on the number of kites he makes each day, as shown in the accompanying table.Number of kites Per DayTotal Cost Per Day ($)0100111021263148417252006235 Should Ben shut down?
A. Yes, because he cannot earn enough revenue to cover his variable cost. B. No, because his economic profit is positive. C. Yes, because his economic profit is negative. D. No, because he can earn enough revenue to cover his variable cost.
Economic recovery from recession appears to have begun in
Consider the following hypothetical annual growth rates of real GDP:
a) 1999
b) 2000
c) 2001
d) 2002
e) 2003