The Heyerdahl index is a measure of:
A. Profitability in an industry
B. The price level in an industry
C. The costs in an industry
D. Market power in an industry
D. Market power in an industry
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Saving is a ________ variable, and wealth is a ________ variable
A) stock; flow B) stock; stock C) flow; flow D) flow; stock
In the case of a good that has no exclusion and no rivalry, private markets fail because
A) of free-ridership. B) this is a natural monopoly. C) profit is driven down to zero. D) the quantity produced will exceed the social optimum.
Use the following table for Country X to answer the next question. Column 1 of the table is the world price of a product. Column 2 is the quantity demanded domestically (Qdd), and Column 3 is the quantity supplied domestically (Qsd).PriceQddQsd$5.002004004.002503503.003003002.003502501.00400200If Country X opens itself up to international trade, at what world price will it begin exporting some units of the product? Assume the small-country model is applicable.
A. Any price above $1.00 B. Any price below $1.00 C. Any price above $3.00 D. Any price below $3.00
The feature of the rule of law that the text emphasizes is
What will be an ideal response?