In the last few decades, tariffs have:
A. risen more in developing nations than in developed countries.
B. risen more in developed nations than in developing countries.
C. risen by more than 20 percent in developing countries.
D. fallen by more than 20 percent in developing countries.
Answer: D
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a. True b. False Indicate whether the statement is true or false
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A. make insurance premiums attractive to low risk drivers. B. induce risky drivers to self-insure. C. induce the least risky drivers to self-insure. D. make insurance premiums unattractive to drivers who are much riskier than average.
In a competitive market, each firm
A. has costs that are external (externalities). B. is the single seller of that good. C. can easily enter or exit the market. D. sets its own prices.
Where the consumption function intersects the 45-degree line
A) consumption will equal only autonomous consumption. B) the average propensity to consume is 0.5. C) savings will be negative. D) saving will be zero.