The Human Development Index combines ________, life expectancy, and measures of education to measure the standard of living
A) gross domestic product B) income per capita
C) income per worker D) gross national product
B
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In the long run which of the following is true?
A) There are no fixed costs. B) The size of a firm's physical plant can be changed but the firm cannot adopt new technology. C) The firm can vary its explicit costs but not its implicit costs. D) Total cost = fixed cost + variable cost.
If the punishment is _________, or the likelihood of getting caught is _________, the cost associated with breaking a ban may not be high enough to change the trade-off that consumers face.
A. not severe; low B. severe; high C. severe; low D. not severe; high
During the 1990s, the country of Chile required foreigners wishing to invest in the country to make a one-year, zero-interest deposit in the Chilean central bank equal to at least 20 percent of the investment. This is an example of:
A. a capital outflow control. B. a currency board. C. a capital inflow control. D. an exchange rate mechanism.
Both a parallel market and a black market are free markets permitted to coexist with the official market
Indicate whether the statement is true or false