According to the World Bank, ________ people are classified as being in severe poverty.
A. 500,000 million
B. 2.5 billion
C. 100,000 million
D. 800 million
Answer: D
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Bigness, or large firms, may benefit consumers in which of the following ways?
a. Larger firms usually charge lower prices than smaller firms. b. Larger firms with monopoly power definitely have greater incentive to be efficient and innovative. c. Larger firms may take advantage of economies of scale and scope. d. Larger firms are more responsive to consumers' desires.
In the short run, which of the following will reduce the gains from labor migration to the recipient nation?
a. Workers remit less than the value of their marginal products. b. Migrant workers have a declining marginal product so that the equilibrium wage is lower than MPs of earlier immigrants. c. Immigrants are low cost in terms of adjustment costs such as crime prevention, language assimilation, and few children enrolled in school. d. Workers remit more than the value of their marginal products.
Recall the Application about craft beer and the increase in the price of hops to answer the following question(s).Recall the Application. An increase in the production of beer resulted in the demand for hops because hops are ________ to beer.
A. inputs B. completely unrelated C. complements D. substitutes
Securities are ________ for the person who buys them, but are ________ for the individual or firm that issues them
A) assets; liabilities B) liabilities; assets C) negotiable; nonnegotiable D) nonnegotiable; negotiable