The financial crises of the 1990s pointed out that small developing countries have a vulnerability to globalization in terms of _____
a. environment
b. labor standards
c. international capital flows
d. the judicial system
e. child labor
c
You might also like to view...
A fall in the long-run real interest rates leads to a ________
A) leftward shift of the labor supply curve B) leftward shift of the labor demand curve C) rightward shift of the labor supply curve D) rightward shift of the labor demand curve
Because consumers value product variety
A) society must be more efficient with monopolistic competition than with perfect competition. B) the inefficiency and deadweight loss created by monopolistic competition is offset. C) in the long run, monopolistically competitive firms earn an economic profit. D) monopolistically competitive industries are efficient.
Oliver decides to spend an hour playing basketball rather than studying. His opportunity cost of playing is: a. the amount of time he decides to dedicate to basketball
b. the increase in his skill as a basketball player from playing for that hour. c. the benefit to his grades from studying for an hour. d. the injury he might get by playing.
When marginal costs are increasing:
A. a firm is experiencing diminishing returns. B. average cost is always increasing. C. average cost is always decreasing. D. marginal costs are always greater than average costs.