In the Malthusian model, population growth is endogenous because
A) the birth rate is endogenous.
B) the death rate is endogenous.
C) the birth and death rates are endogenous.
D) neither is endogenous.
C
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Which of the following countries does not come close to the free market benchmark?
A) Cuba B) Japan C) the United States D) France
The "minimum efficient scale" of operation in an industry is defined as:
A) the smallest plant size that can be operated by firms in the industry. B) the scale of operation at which economies of scale are exhausted. C) the smallest number of firms that could effectively meet demand for an industry's output. D) the scale of operation by firms in an industry that is least efficient.
One reason the supply of carpenters is greater than the supply of physicians is because:
a. physicians do not belong to a union. b. carpenters demand less income. c. carpenters belong to unions. d. none of the above.
Transfer prices can be set in such a way so as to maximize profits for an entire business
Indicate whether the statement is true or false