When did the government address auto emissions by requiring new cars to be fitted with catalytic converters?
a. 1945
b. 1970
c. 1984
d. 2012
c. 1984
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When two goods are perfect substitutes, their indifference curves are straight lines
Indicate whether the statement is true or false
Organizational structure forms evolved based on
A) new theories of management. B) the ability of new forms to add accounting profits. C) the ability of new forms to cover the cost of capital. D) the ability of new forms to add value.
What is the fundamental basis for trade among nations?
a. shortages or surpluses in nations that do not trade b. misguided economic policies c. absolute advantage d. comparative advantage
Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. A bundle of goods that Country A could not make would be:
A. (500 iPods, 150 tablets). B. (500 iPods, 200 tablets). C. (500 iPods, 300 tablets). D. (500 iPods, 250 tablets).