The Irish production possibilities curve shifts to the left when there is
a. an increase in the Irish labor supply
b. innovation in the production of Irish goods
c. a civil war that destroys much of Ireland's resource base
d. unemployment among Irish workers
e. a choice among the Irish of more capital goods last period
C
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Refer to the scenario above. This is an example of ________
A) a mixed strategy game B) an ultimatum game C) a symmetric game D) a prisoners' dilemma game
What characteristic is common to perfect competition, monopolistic competition, and monopoly?
a. free entry and exit b. zero economic profit in the long run c. firms treat the market price as given d. firms maximize profits by producing where MR = MC e. small number of buyers relative to the number of sellers
The federal government subsidizes higher education
A. less than primary and secondary education. B. more than primary and secondary education. C. about the same as primary and secondary education. D. because it does not subsidize primary and secondary education.
Which of the following is NOT one of the core deliverables of a logistics system?
a. Infrastructural integrity b. Product availability c. Timely delivery d. Protection against disruption e. Operational efficiency