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

Economics

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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.

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Identify a disadvantage of organizational charts

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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.

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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

Economics