Countries with low levels of GDP per capita usually also have:
A. mandatory military service.
B. highly developed infrastructures.
C. low levels of schooling.
D. high levels of schooling.
Answer: C
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In 1976, the cost of a movie was $4. In 2012, it's $9. If the CPI for 1976 is 56, and 228 for 2012, to find the real 2012 value of a 1976 movie, we would multiply its nominal value in 1976 by the ratio of:
A. (56/228). B. (228/56). C. (9/5). D. (5/9).
Undesirable job features lead to a ________ labor ________.
A. lower; demand B. higher; demand C. lower; supply D. higher; supply
Suppose you are given the following demand data for a product.PriceQuantity Demanded$1030940850760670Using the regular percentage change formula, what is the price elasticity of demand when price increases from $6 to $7?
A. -0.525 B. -1 C. -0.856 D. -1.166
In the table above, the deadweight loss is zero when ________ umbrellas are produced and sold
A) 20 B) 40 C) 60 D) 80