Figure 21-5 (a) (b) Refer to Figure 21-5. In graph (b), what is the price of good Y relative to the price of good X (i.e., PY/PX)?
a. 3
b. 1
c. 10
d. 1/3
d. 1/3
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Which of the following is true of a human mind?
a. A human mind seldom makes consistent error-free calculations. b. A human mind can attend to more than a handful of concepts at one time. c. A human mind can fully analyze the interrelationships between different concepts. d. A human mind can navigate through complex logic to correct conclusions.
The Millennium Poverty Goal is the United Nations' goal of reducing the global rate of extreme poverty to ________ percent by 2015.
A. 0 B. 5 C. 15 D. 10
Briefly discuss the effects of export subsidies given a competitive industry.
What will be an ideal response?
Network effects on the Internet:
A. help firms like Google and Facebook dominate their respective markets. B. allow many firms to operate, making Internet markets highly competitive. C. cause economies of scale to be exhausted quickly. D. create a level playing field for all types of media, communication, and commerce on the Internet.