The sun is an example of:
a. a natural resource. b. capital.
c. labor. d. none of these.
a
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Countries that have a higher degree of economic freedom tend to
a. invest a larger share of their output, but the productivity of that investment is lower than for economies that are less free. b. invest a smaller share of their output, but the productivity of that investment is higher than for economies that are less free. c. invest a larger share of their output and the productivity of that investment is higher than for the economies that are less free. d. invest a smaller share of their output and the productivity of that investment is lower than for economies that are less free.
Figure 17-10
Refer to . Producer surplus with trade and without a tariff is
a.
G.
b.
C + G.
c.
A + C + G.
d.
A + B + C + G.
Total loss
A. is the rectangle bounded by LNZX.
B. is the rectangle bounded by LMYX.
C. is the rectangle bounded by MNZY.
D. cannot be found on this graph.
When the drug Vioxx was pulled from the market by pharmaceutical company Merck due to its association with heart problems, the demand for other pain medications:
A. decreased, putting upward pressure on their price. B. decreased, putting downward pressure on their price. C. increased, putting downward pressure on their price. D. increased, putting upward pressure on their price.