Demand applies to which of the following?
A) fast food
B) criminal activity
C) labor market
D) all of the above
Answer: D
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Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 100 and that it is 150 in country B.) The migration of labor will:
A. Increase wages in country A and decrease wages in country B
B. Decrease wages in country A and decrease wages in country B
C. Decrease wages in country A and increase wages in country B
D. Increase wages in country A and increase wages in country B
As of 2013, which was the only country in the world to be debt-free?
A. Japan B. Greece C. Korea D. Brunei
The following list of characteristics are true of the pharmaceutical industry, except one.
a. Low variable cost b. Virtually guaranteed profits when the product is introduced c. High fixed cost d. Exclusive rights to market and sell patented products e. Segmentable markets
Under a rule of reason approach, which of the following would be legal in the United States?
A. The merger of Paco's Taqueria and Maria's Mexican Bistro, independent restaurants in the unconcentrated sit-down restaurant market. B. Price fixing between IBM and Compaq. C. Ford and General Motors electing the same person to their boards of directors. D. Kellogg's and General Mills collude to drive Quaker Oats out of the business.