Developing countries have identified which key issues as important to them in current trade talks?
What will be an ideal response?
The costs and benefits to them of implementing the commitments they made in the Uruguay Round; access to life-saving medicines under the terms of TRIPS is a problem; industrialized countries' protection of sectors such as agriculture, clothing and textiles, that are important to developing countries.
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Cournot and Stackelberg oligopolies are similar in that they ________.
A) both compete on price B) both compete on marginal cost C) do not compete D) both compete on quantity
Suppose a company that produces furniture wax branches out into producing a dusting product like Lemon-Dust-Away. If this expansion is efficient, the company must
a. benefit from vertical integration b. benefit from horizontal integration c. experience economies of scale d. experience economies of scope e. have no transaction costs
If the working-age population increases, then
A) the labour force participation rate will increase. B) the total number of people aged 15 years and above will increase. C) the number of people employed will increase. D) the size of the labour force will increase. E) the unemployment rate will increase. B) the total number of people aged 15 years and above will increase.
The marginal rate of substitution is equal to the ________
A) marginal cost of each good B) magnitude of the slope of the indifference curve C) inverse of the slope of the budget line D) relative price of the two goods