The Case in Point on "baldness and heart disease" suggests that by preventing baldness:
A) men can reduce the likelihood they will develop colon cancer.
B) men are unlikely to influence their chances of having heart problems.
C) men are likely to reduce their chances of having heart problems.
D) men can live longer.
Ans: B) men are unlikely to influence their chances of having heart problems.
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Which of the following reasons explains why rich countries persistently restrict textile imports from poor countries?
A) The trade restrictions make textile consumers better off. B) The trade restrictions make workers in poor countries better off. C) The trade restrictions benefit an organized visible special interest in rich countries. D) Rich countries have a strong need for the revenue from these trade restrictions.
The output at which average product is a maximum is the same output at which ________ is a minimum
A) average fixed cost B) average variable cost C) average total cost D) marginal cost
Refer to Figure 9.6. The government policy pictured is
A) a price ceiling of $20. B) a price support of $20. C) a price ceiling of $15. D) a price support of $15. E) A quota of 600.
Olive Oil Spain is the world's number 1 producer of olive oil, mostly in the southern Andalusia region. But very dry weather there has ravaged olive trees. What affect will the poor weather have on the olive oil market?