A quality-of-life index measures absolute poverty levels
a. True
b. False
Indicate whether the statement is true or false
False
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The population of Potentia doubled within 20 years while its income per capita remained unchanged during the same period of time. This implies that ________
A) its price level doubled B) its gross domestic product also doubled C) its price level halved D) its gross domestic product remained constant
If a German pension fund decides to purchase U.S. government bonds, what is the effect in the foreign exchange market?
a. It will increase demand for U.S. dollars. b. It will decrease demand for U.S. dollars. c. It will increase supply of U.S. dollars. d. It will decrease supply of U.S. dollars.
The U.S. Internet search market:
A. is best characterized by pure competition. B. is dominated by Google, which controls about 70 percent of the market. C. has a few prominent firms that each possesses a relatively equal market share. D. has no barriers to entry.
Even if the City Council fixed high minimum taxi fares and gave licenses to operate to only a few cab owners, license holders would not earn large profits from operating taxis in the city because
A) people would drive their own cars. B) people would substitute buses for taxis. C) taxis are not a necessity of life. D) the cost of owning a license would eat up the potential profits from operating a taxi. E) the demand would fall as taxi fares rose.