The production function Q = 0.8X + 0.6Y exhibits
A) increasing return to scale.
B) decreasing returns to scale.
C) constant returns to scale.
D) economies of scale.
C
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For open economies,
A) S = I. B) S = I + CA. C) S = I - CA. D) S > I + CA. E) S < I + CA.
All of the following are characteristics of a perfectly competitive market EXCEPT
A) homogeneous products. B) large number of buyers and sellers. C) buyers and seller have equal access to information. D) high barriers to entry and exit.
Which country had the highest level of fossil-fuel carbon dioxide emissions per capita in 2008?
a. Ireland b. Taiwan c. Canada d. Qatar
During 2009-2010, the federal budget
A) ran a surplus of approximately 2 percent of GDP. B) ran a deficit of approximately 2 percent of GDP. C) ran a deficit of approximately 10 percent of GDP. D) was balanced during both years.