Which of the following exemplifies specific performance that a court might order from the party in breach of a contract?
a. A seller ordered to pay back the price of the commodity to the customer having failed to deliver it on-time.
b. A popular singer requested to forgo the fee for her performance at a social fund raising program.
c. The owner of a polluting factory ordered to convert his private plot into a public garden.
d. A movie director ordered to work with an actress he had previously contracted with, instead of one he later found was available for a lower price.
D
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In the long run, if new fringe firms with same cost structures as existing fringe firms enter the oligopoly market:
a. the dominant firm's ability to extract profit from the market decreases. b. the fringe's ability to extract profit from the market decreases. c. the fringe supply curve rotates leftward and downward. d. the dominant firm's residual demand curve rotates rightward.
Income inequality is greatest in which of these four? countries?
A. Britain B. France C. United States D. Japan
Egypt has exports of $500 million and imports of $750 million. Egypt
a. sells more overseas then it buys from overseas; it has a trade deficit. b. sells more overseas then it buys from overseas; it has a trade surplus. c. buys more from overseas then it sells overseas; it has a trade deficit. d. buys more from overseas then it sells overseas; it has a trade surplus.
A new technological innovation would increase
A. the labor force. B. labor hours worked. C. labor productivity. D. population growth.