According to the World Bank, low-income economies are heavily concentrated in:
a. Europe and Africa.
b. Europe and Asia.
c. Asia and Africa.
d. Asia and Australia.
e. North America and Australia.
c
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The figure above shows the market for brooms. Which of the following could lead to the production of fewer than 600 brooms?
A) a monopoly B) a deadweight loss C) subsidies D) an external cost E) a big tradeoff
If the consumption function is given by C = 100 + 0.75(Y-T), then an increase of 10 units in taxes will cause the IS schedule to shift to the right by
a. -30 units. b. -10 units. c. 30 units. d. 40 units.
All of the following are true regarding the Lanham Act except which one?
A) Civil suits can be filed under the Lanham Act. B) It prohibits trademark infringement. C) It was passed in 1946. D) It does not allow a competitor to sue for marketplace damages.
A and B form a coalition and share the value of the payoffs it produces. Their coalition is individually rational if:
a. the core is blocked. b. individual payoffs exceed the respective values produced by A and B. c. payoffs to both are equal to their respective values. d. the core is empty.