If the Pareto criteria are taken literally, _____ percent of United States residents must agree for a policy change to be a move towards efficiency
a. 25
b. 50
c. 75
d. 100
d
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An increase in economic growth in China will
A. shift the supply curve of US corn to the right. B. shift the supply curve of US corn to the left. C. shift the demand curve for US corn to the right. D. shift the demand curve for US corn to the left.
When a price floor is set for a market, quantity supplied will be:
A. Less than the equilibrium quantity, and price will be less than the equilibrium price. B. Less than the equilibrium quantity, and price will be greater than the equilibrium price. C. Greater than the equilibrium quantity, and price will be less than the equilibrium price. D. Greater than the equilibrium quantity, and price will be greater than the equilibrium price
The federal government awards a patent holder the exclusive right to make, use, and sell an invention for a period of
A. 17 years. B. 100 years. C. unlimited period. D. 20 years.
The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Japanese yen ________ against the U.S dollar and the Euro ________ against the U.S. dollar
A) appreciated; appreciated B) depreciated; appreciated C) depreciated; depreciated D) appreciated; depreciated