Which of the following economic conditions cause export growth to be a basis for faster overall economic growth?
A) Diseconomies of scale in production for the domestic market
B) A larger-than- average service sector
C) A larger-than-average manufacturing sector
D) Economies of scale in production for the world market
D
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Which of the following is true about renewable resources? a. Land resources include oil, coal, and natural gas that have a fixed stock. b. Land resources include irrigation networks and wastewater treatment plants that utilize water
c. Land resources include air filtration systems in buildings that renew and refresh polluted air from the outside. d. Land resources include forests, range lands, and marine fisheries that naturally regenerate.
If the free-rider problem affects political advocacy, the result may be that the:
A. best ideas will always win because those supporters value the outcome the most. B. best ideas will always win because free-riders are not typically supporters of relevant alternatives. C. best ideas might not win out if lots of people fail to lend their support. D. irrelevant alternatives are eliminated from the options, increasing the efficiency of the vote.
Short-run decisions are:
A. constrained because some inputs are fixed and others are variable. B. constrained because all inputs are fixed. C. unconstrained because all inputs are variable. D. constrained because all inputs are variable.
Which of the following is an example of speculative demand?
A. When the demand for housing increases, the demand for house insurance increases. B. When the actual price of housing increases, the quantity demanded of housing decreases. C. When the price of home ownership increases, the demand for rental housing increases. D. When the expected price of housing increases, the demand for housing increases.