Which of the following can help explain the technology gap that exists between some countries?
A) poorly established property rights
B) political instability
C) the relative absence of entrepreneurs
D) all of the above
E) none of the above
D
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The figure shows the market for college education. In order for the efficient amount of education to occur, the government could provide a voucher of ________ per student
A) $4,000 B) $8,000 C) $12,000 D) $20,000 E) $16,000
As a curve approaches a maximum point, the slope will
A) be positive, then negative after the maximum point. B) be negative, then positive after the maximum point. C) remain constant on either side of the maximum point. D) increase before and after the maximum point.
An increase in the corporate profits tax is likely to cause
A) the equilibrium interest rate to rise and the equilibrium price of bonds to fall. B) the equilibrium interest rate to fall and the equilibrium price of bonds to rise. C) the equilibrium interest rate and the equilibrium price of bonds both rise. D) the equilibrium interest rate and the equilibrium price of bonds both fall.
If the price elasticity of supply of doodads equals 0.50 and the price rises by 3 percent, then the quantity supplied of doodads will rise by ____
a. 0.50 percent. b. 1.50 percent. c. 6.00 percent. d. 15 percent.