In Russia, estimated losses from copyright piracy total ________.
A) $3,596 million
B) $2,224 million
C) $1,691 million
D) $225 million
Answer: B) $2,224 million
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The Hatfields and the McCoys both earn $50,000 per year in real terms in the labor market, and both families are able to earn a 5% real interest rate on their savings. In the year 2010, both families began to save. The Hatfields saved 8% of their income each year; the McCoys saved 10%. In 2010, the Hatfields consumed ________ more than the McCoys; in 2011, the Hatfields consumed ________ than the McCoys.
A. $1,000; about $960 less B. $1,000; about $960 more C. $2,000; about $960 more D. $2,000; about $960 less
List and describe the four components of GDP
What will be an ideal response?
Determine if each of the goods below displays any of the following characteristics:
(i) rivalry (ii) nonrivalry (iii) excludability (iv) nonexcludability a. attending a Packers game at Lambeau Field b. online encyclopedia Wikipedia c. a shopping mall on Black Friday d. an online defensive driving class e. a Tesla Model S electric car
Hewlett-Packard will not raise the prices of its personal computers without first considering how Dell might respond. This is evidence of
A) collusion. B) cutthroat competition. C) price fixing. D) interdependence.