Economies can be organizations such as
A) households.
B) individual states of the United States.
C) entire countries.
D) households, states, and countries.
D
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Recall the Application. According to the authors, what explained virtually all of the employment gains that occurred nationally?
A) a strong economy B) a weak economy C) increases in unemployment benefits D) decreases in unemployment benefits
In the Stackelberg leadership model,
a. the leader earns a larger profit compared to the follower. b. the leader charges a higher price for its output compared to the follower. c. the follower produces a larger output compared to the leader. d. the follower charges a lower price for its output compared to the leader.
If the world price of a good is greater than the domestic price in a country that can engage in international trade, then that country becomes an importer of that good
a. True b. False Indicate whether the statement is true or false
Examples of physical capital include _______________________. Examples of human capital include ______________________________
A) knowledge one picks up through education and training; factories and computers B) machines and factories; chairs and desks C) knowledge one picks up through education and experience; factories and machines D) machines and factories; knowledge one picks up through education and training