In Figure 5.8, if the supply curve moves from S1 to S4,
A. the firm will go from making an economic profit to a loss that is big enough to make it want to shutdown.
B. the firm will make a smaller economic profit than they used to.
C. the firm will go from making an economic profit to a normal profit.
D. the firm will go from making an economic profit to a loss but one that is not big enough to make it want to shutdown.
Answer: D
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Economist Jeffrey Sachs' big push theory involves:
A. a concerted effort in many areas to break the poverty trap. B. giving a one-time large amount of aid upfront, ending the need for future aid. C. developed nations concertedly pushing developing nations into following certain beneficial policies. D. developed nations pushing away less developed nations as trading partners because in general less developed nations cannot offer any benefits to developed nations.
The maximum number of machines you would use is
A. 4.
B. 5.
C. 6.
D. 7.
Bangladesh has had success with:
A. clustering the textile industry. B. supporting export-led growth policy. C. supporting import substitution policy. D. clustering the fishing industry.
As a result of habit formation, people spend more today if
A. they spent more in the past. B. they have no loan or debt in the past. C. they spent less in the past. D. they never had any income in the past.