According to the Gallup World Values Survey, 40 percent of those living in the poorest quartile of countries would like to:
A. get more education.
B. receive more aid.
C. trade freely.
D. emigrate.
D. emigrate.
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Lipitor, with few substitutes, should have an own-price elasticity of demand that is:
a. Relative elastic b. Relatively inelastic c. Perfectly inelastic d. Perfectly elastic
New growth theory puts emphasis on
A) ideas. B) experimenting with new ways of doing things. C) rearranging resources in ways that are more valuable. D) b and c E) a, b, and c
A company is selling wacky waving inflatable arm guys for very low prices, why is this?
a. there is a shortage b. there is a surplus c. the company cannot meet consumer demand d. equilibrium price has been reached
Effective price ceilings and price floors:
A. make the rationing function of free markets more efficient. B. cause surpluses and shortages, respectively. C. interfere with the rationing function of prices. D. shift demand and supply curves and therefore have no effect on the rationing function of prices.