Firms in an economy with high capital costs have an incentive to use more ________ techniques.
A. capital-intensive
B. labor-intensive
C. labor-saving
D. capital-dependent
Answer: B
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Who gains from exports? How do they gain? Who loses? How do they lose? Does the overall economy gain or lose from exports?
What will be an ideal response?
The excludability versus nonexcludability issue is
A. relevant to the issue of market failure. B. not relevant to the issue of market failure. C. relevant to the free-rider problem. D. a and c E. b and c
The game in the figure shown is a version of:
A. the prisoner's dilemma.
B. the first-mover advantage.
C. a sequential game.
D. a repeated game.
The "real burden" of the debt is directly related to
A. The idea of opportunity cost. B. How transfers redistribute income. C. The relationship between the Treasury and the Federal Reserve System. D. The difference between internally held debt and externally held debt.