Economic growth is the key to ending global poverty.
Answer the following statement true (T) or false (F)
True
The key to ending global poverty is, of course, economic growth. Redistributing existing incomes doesn't do the job; total income has to increase.
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What differentiates an increasing-cost industry from a decreasing-cost industry?
What will be an ideal response?
Which of the following can reduce the number of cars imported?
A) a tariff B) a quota C) a ban D) All of the above.
If government regulators make the natural monopolist set price equal to marginal cost
A) the natural monopolist will make zero economic profits. B) the natural monopolist will make normal profits. C) the natural monopolist will make losses and go out of business. D) the natural monopolist will make positive economic profits larger than if it wasn't regulated at all.
This factor contributes to the winner's curse
a. your estimate of the value of the object was not the most optimistic b. your bid was not the highest c. there were not many other bidders you had to beat out d. you did not shade your bid enough