B) France
C) United States
D) Japan
A. decreases as more of the product is consumed.
B. increases as more of the product is consumed.
C. remains constant as long as the product is still considered useful.
D. remains constant, regardless of how much of the product is consumed.
Answer: A
Dead capital is most likely to exist when
A) there are restrictions on imports. B) residents of a country face barriers to establishing legal ownership of resources. C) property rights are well-defined. D) there are restrictions on exports.
Explain why the dominant strategy equilibrium in an open outcry English auction is also the Nash equilibrium
What will be an ideal response?
Intraindustry trade refers to
A) international trade of products made within the same industry. B) international trade of products made across different industries. C) trade that occurs as a result of comparative advantage. D) the exchange of non-similar items. E) trade that occurs mostly within developing countries.
Which country has the highest per capita health care expenditures in the world?