A sharp increase in gasoline prices will cause the supply curve for trucking services to shift to the right
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following countries had the highest GDP per capita in 2014?
A) Norway B) United States C) Japan D) Qatar
Compared to Canada, Japan, Germany, and France, Social Security expenditures as a percentage of GDP of the United States is approximately
a. 12 percent and ranks among the lowest percent of the countries b. 47 percent and ranks among the lowest percent of the countries c. 12 percent and ranks among the highest percent of the countries d. 47 percent and ranks among the highest percent of the countries e. 77 percent and ranks among the highest percent of the countries
A characteristic that is important, but not essential to defining a perfectly competitive market is:
A. goods are standardized. B. firms can freely enter and exit the market. C. buyers and sellers are price takers. D. All of these are necessary to define a perfectly competitive market.
Forward contracts are:
A. always standardized. B. an agreement between more than two parties. C. contracts usually involving the exchange of a commodity or financial instrument. D. easily resold.