A country is likely to have a comparative advantage in a capital-intensive activity if it has a:
A. lot of land relative to its population.
B. large amount of capital relative to its landmass.
C. higher opportunity cost of producing technology.
D. higher amount of labor relative to its population.
B. large amount of capital relative to its landmass.
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Colleges offer tuition scholarships even when they are running budget deficits because colleges
A) are public service institutions. B) can often earn additional net income by offering tuition scholarships. C) hope to receive contributions later from the recipients of scholarships. D) set tuition levels and establish scholarship policies without considering the monetary advantages.
An isoquant represents levels of capital and labor that
A) have constant marginal productivity. B) yield the same level of output. C) incur the same total cost. D) All of the above.
The aggregate demand curve will shift rightward when there is:
a. a decrease in government spending. b. a decrease in incomes abroad. c. a tax increase. d. the expectation that future consumer income will rise.
Economic theory suggests that the consumer prejudice explanation for discrimination means that consumers will have to pay more to be served by employees of a specific group
a. True b. False Indicate whether the statement is true or false