What fraction of developing countries have recently experienced some form of significant interethnic conflict?
a. less than one-tenth
b. a tenth to one-quarter
c. one quarter to one half
d. over one half
D
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Are we passing the national debt burden on to our children?
As a monopolist's profit-maximizing quantity moves further away from the competitive industry's profit-maximizing quantity,
A. the larger the deadweight loss in the market. B. the larger the profits of the monopoly. C. the smaller the deadweight loss in the market. D. the harder it is for the firm to stay as a monopoly.
Explain how comparative advantage, specialization and division of labor are related
What will be an ideal response?
Cartel agreements are more likely to break down when
A. participating firms earn huge profits. B. new firms enter the market. C. there are few variations in market demand. D. none of these.