A World View titled "Export Ratios" examines the openness of trade for several countries based on the trade to GDP ratio. According to the excerpt, which country exports the most as a percentage of GDP?
A. China.
B. The United States.
C. Sweden.
D. United Arab Emirates.
Answer: D
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Refer to Table 15-4. What is the amount of the deadweight loss generated by Shakti when it produces the monopoly output?
A) $124 B) $42 C) $36 D) $12
The long-run market supply curve in the presence of internal economies of scale is ________, and in the presence of external economies of scale, it is ________
A) downward sloping; downward sloping B) upward sloping; horizontal C) horizontal; upward sloping D) downward sloping; horizontal E) upward sloping; downward sloping
The U-Form of corporate organization
a. organizes employees along the functions or tasks that they perform b. organizes employees along the customer types that they serve c. organizes employees along individual projects that arise d. organizes employees into softball teams
In a monopoly labor market, the optimal union wage can be read off the marginal revenue product curve.
Answer the following statement true (T) or false (F)