Which of the following is not an indicator that is used by the World Bank in measuring the level of economic development?
a. life expectancy at birth.
b. adult literacy rate.
c. infant mortality rate.
d. all of the above are not used by the World Bank.
D
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If the regulator wants to avoid any deadweight loss in a natural monopoly market, the regulator has the firm set its price equal to its
A) average fixed cost. B) average total cost. C) average variable cost. D) marginal cost.
In effect, banks are able to charge
A) depositors for banks' superior information about borrowers. B) borrowers for banks' superior information about depositors. C) the government for banks' superior information about borrowers and depositors. D) interest rates that are in fact above those legally allowed.
If consumer tastes shift away from mustard and toward salsa, then the
a. demand curve for salsa will shift to the left b. demand curve for mustard will shift to the right c. quantity demanded of salsa will decrease d. quantity demanded of mustard will increase e. demand curve for salsa will shift to the right
If land and labor are complementary resources and the price of capital goes up, the employment of labor _________.
Fill in the blank(s) with the appropriate word(s).