Countries with low levels of GDP per capita usually also have:
A. low levels of schooling.
B. high levels of schooling.
C. mandatory military service.
D. highly developed infrastructures.
A. low levels of schooling.
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For which of the following goods is the income elasticity of demand likely lowest?
a. subscriptions to premium movie channels through the local cable television provider b. hi-definition DVD players c. champagne d. housing
Exhibit 8-1 Monopolist's demand curve
?
In Exhibit 8-1, the marginal revenue curve corresponding to the monopolist's demand curve would be a straight line drawn between points:
A. A to B. B. A to D. C. C to B. D. C to D.
Demand-pull inflation starts with a shift of the
A) potential GDP line leftward. B) AD curve leftward. C) AS curve leftward. D) AS curve rightward. E) AD curve rightward.
Suppose the market for Blu-rays has the demand and supply schedules shown in the table above. Suppose a technological advance increases the quantity of disks supplied at each price by 25 million
What is the new equilibrium price and the new equilibrium quantity of Blu-rays?