People who live in countries with ________ average incomes generally live __________ lives.
A. lower; shorter
B. lower; longer
C. higher; shorter
D. higher; more meaningful
A. lower; shorter
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Refer to Figure 16-1. What is the consumer surplus received under perfect price discrimination?
A) the area under the demand curve above P1 B) the area under the demand curve above P4 C) the area under the demand curve above P3 D) zero
If a county has 25 billion euros of imports, 15 billion euros of exports, and sells 20 billion euros of assets to foreigners, how many foreign assets do domestic residents purchase?
a. 5 billion euros b. 10 billion euros c. 30 billion euros d. None of the above are correct.
The "new growth theory" of economic growth emphasizes the importance of
A. Household saving as a source of funds for investment. B. Investing in new plants and equipment. C. Investing in ideas. D. Borrowing funds for investment from foreign sources.
Which of the following is most likely an action that supports competition?
A. Requiring professionals, such as architects and engineers, to be licensed B. Granting subsidies to farmers based on production levels C. Preventing two dominant firms in the same market from merging D. Using tariffs to restrict the ability of foreign firms to sell products in domestic markets