Countries with the highest degrees of governmental bureaucratic inefficiency index
A) typically are nations with the highest real GDP per capita.
B) typically are nations with the lowest real GDP per capita.
C) normally have the lowest measured levels of dead capital.
D) normally have the highest measured levels of economic freedom.
B
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When a nation removes restrictions on imported products we will see
A. an increase in consumer surplus and a decrease in producer surplus. B. a decrease in consumer surplus and an increase in producer surplus. C. an increase in consumer surplus and an increase in producer surplus. D. a decrease in consumer surplus and an decrease in producer surplus.
Harry's HVAC refuses to sell diagnostic software and spare parts of its heating and cooling systems to third parties. Why would it want to do that?
a. To ensure that the customer knows that they are stuck with Harry's service technicians b. To ensure that only the highest paid personnel get to service the units c. To ensure that the customers do not buy second-class servicing and then infer faulty design if a unit breaks down due to inadequate service d. All of the above
Suppose the w = $20 and r = $30. The isocost line for a firm in this industry is:
A. K = 0.033C ? 0.66L. B. 1.5L + K = 0.5C. C. C = 20K + 30L. D. Depends entirely on the functional form of the production function.
___ contains the information or meaning the source hopes to convey
Fill in the blank(s) with the appropriate word(s).