Dead capital is most likely to exist when
A. there are restrictions on imports.
B. property rights are well-defined.
C. there are restrictions on exports.
D. residents of a country face barriers to establishing legal ownership of resources.
Answer: D
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In risk characterization, a reference dose (RfD) of 0.007 means that
a. 0.7 percent of people are exposed to the environmental hazard b. exposure to 0.007 milligrams of a pollutant per body weight per day over a lifetime should cause no harm c. there is a 0.007 percent probability that the pollutant causes no harm d. 7 out of 1 million people are affected by the pollutant
In a graph of a typical firm's AFC, ATC, and AVC curves, the
A) AVC curve lies above the ATC curve. B) ATC curve lies below the AFC curve. C) distance between the ATC curve and the AVC curve equals the AFC. D) distance between the AVC curve and the AFC curve equals the ATC. E) AVC curve crosses the MC curve at the point where the MC is at its minimum.
Figure 11-1
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In Figure 11-1, a change in consumer tastes favoring calculators will lead to which movement?
A. A to C B. A to D C. A to B D. A to E
When universities charge students less than the equilibrium tuition for admission, they have to impose some nonprice-rationing device
Indicate whether the statement is true or false