Educational attainment tends to be
a. low in countries with high population growth.
b. low in countries with low population growth.
c. high in countries with high population growth.
d. None of the above are true.
a
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What is the level of openness of the United States economy, based on 2016 data?
A. 13.3 percent B. 23.1 percent C. 52.0 percent D. 63.9 percent E. 77.8 percent
The most profitable output level can be found by looking at which two curves?
a. P and MR. b. MR and MC. c. MC and TC. d. P and AVC. e. AVC and ATC.
The three major categories of resources are
a. human resources, physical resources, and natural resources. b. scarce resources, capital resources, and abundant resources. c. financial resources, global resources, and local resources. d. common resources, private resources, and capital resources.
A perfectly competitive firm can:
A. affect the market price for its good. B. sell as much as it can produce at the market price. C. prevent entry of other firms into their market. D. collude with its competitors to set prices.