Before summer 2008, if you wanted a cell phone in Bhutan, you only had one choice: B-Mobile, owned and operated by the government. What does Kuenga Gyalthen mean he states that, "Up until now, because of the monopoly, we've all been suffering
So, I mean, it's finally time the consumer actually is king for a little while."? A) He believes that producer surplus is greater with competition.
B) He believes that total surplus is greater with a monopoly.
C) He believes that prices are lower with a monopoly.
D) He believes that consumer surplus is greater with competition.
D
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China's one child policy
a. Caused the share of young people to rise b. Prematurely aged the Chinese labor force c. Lowered the saving rate d. all of the above e. none of the above
Which product is most likely to be most price elastic?
A. Clothing B. Automobiles C. Gasoline D. Milk
Suppose the voters in a small country are choosing between two options, A and B. After the voting is complete it is discovered that option A received 100% of the votes with option B receiving no votes. After the vote, however, the country's leader decides that option B is better for the people and implements B rather than A. The voting system in this country fails which of Arrow's properties of a
desirable voting system? a. unanimity b. transitivity c. independence of irrelevant alternatives d. No dictators
A country that has a capital account surplus:
A. is a net buyer of assets. B. has a current account surplus. C. will see its currency remain steady. D. is a net seller of assets.