Military force is most effective _____
a. when a country's army has superior numbers
b. when a country's navy is superior
c. if it causes the other side to back down
d. if it causes the other side to waste resources
c
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The problem of scarce resources
a. means that in some cities there are not enough jobs b. could be solved if the unemployment rate fell c. is that there are not enough resources to satisfy people's unlimited wants d. is that resources are used inefficiently e. can be solved by lowering taxes
The drug maker Pfizer enjoyed a monopoly of the antibiotic Lipitor because of patent rights
a. True b. False Indicate whether the statement is true or false
Collusion benefits cartel members by ______ in their industry.
a. reducing uncertainty b. increasing competition c. reducing prices d. increasing output
Economic growth may occur when
A. technology remains unchanged but unemployment increases. B. a society acquires new resources. C. a society decides to produce less using existing resources. D. the society begins to produce the combination of goods society wants most.