Which of the following countries is not one of the top three exporting countries in the world?
A) China
B) Germany
C) South Korea
D) the United States
Answer: C
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The figure above shows the costs and benefits associated with producing paper. What is the unregulated competitive market level of output?
A) 0 B) 4 tons C) 6 tons D) More than 6 tons E) None of the above answers is correct.
Identify a disadvantage of organizational charts
The monopolistic competition model assumes that:
A. allocative efficiency will be achieved. B. productive efficiency will be achieved. C. firms will engage in nonprice competition. D. firms will realize economic profits in the long run.
For a person to keep his real income steady at a certain level from one year to the next, his nominal income must:
A. Rise if the price index falls B. Stay the same as the price index rises C. Fall if the price index rises D. Rise as fast as the price index