When there is a fixed or limited supply of some good (such as oil, water, or a mineral), the environmental situation is essentially _______________ , and realists predict that states will do all they can to control these resources.
Fill in the blank(s) with the appropriate word(s).
a zero-sum game
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Minimax Motors, a car manufacturer, can produce 1,200 cars per week in its new plant that has 25 assembly lines and 450 workers. If Minimax Motors adds 50 new workers to their plant, it can produce 1,300 cars per week. This decrease in average productivity occurs because of: a. diminishing marginal returns of workers
b. diminishing marginal returns of assembly lines. c. diminishing marginal returns of both workers and assembly lines. d. diminishing marginal returns of the management team.
The optimal quantity of a negative externality is zero if:
A. it is costly for people to negotiate with each other. B. it imposes a high enough cost on society. C. the marginal cost of reducing the externality is zero. D. the majority of voters decide to eliminate the externality.
Since 1925, the longest recession in the United States lasted:
A. 120 months. B. 43 months. C. 60 months. D. 21 months.
The health care system in Canada is referred to as ________, and is a system in which the government provides national health insurance to all Canadian residents
A) an out-of-pocket system B) a single-payer health care system C) a universal health insurance system D) socialized medicine