A pollution haven is
A) a place where people actually like pollution and view it as a positive externality.
B) a location with weak environmental rules that attracts manufacturing companies due to decreased costs.
C) a place that has very low worker wages.
D) unattractive for multinational investment because of the ambient pollution.
B
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A market is classified as an oligopoly when
A) a few firms compete. B) many firms produce a slightly differentiated product. C) no matter how many firms are in the market, a barrier blocks entry by other new firms. D) many firms produce the same product. E) only one firm sells a product with no close substitutes.
Average total cost is equal to
A) average fixed cost + average variable cost. B) total cost รท quantity. C) the change in total cost when output changes by one unit. D) Answers A and B are correct. E) Answers A and C are correct.
Subprime mortgages are
A) mortgages issued to borrowers who fail to document that their incomes are high enough to afford their mortgages. B) mortgages issued to borrowers with flawed credit histories. C) mortgages which are bundled together by financial institutions and sold to investors. D) government-backed mortgages issued by Fannie Mae and Freddie Mac.
What was the most fundamental relationship among most Native American tribes, including the Iroquois?
a. Mother-daughter. b. Husband-wife. c. Father-son. d. Chief-warrior.