To prevent radio interference and crowding of geostationary satellites, governments are working to replace the earlier first-come first-served system with auctions that will allocate equipment and radio frequencies to high bidders
Indicate whether the statement is true or false
T
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Special interest group Q receives a 1/10,000th slice of the economic pie. Its net benefit from either an economic growth policy or a transfer policy is $50,000. In order for group Q to be indifferent between the two policies, the economic growth policy would have to make the size of the economic pie (Real GDP) grow by _________________. This type of analysis is used to show that special interest groups tend press government for ______________ instead of ________________.
A. $50,000,000; economic growth; transfers B. $500,000; transfers; economic growth C. $500,000,000; transfers; economic growth D. $5,000,000; transfers; economic growth E. none of the above
What is the short-run break-even price? What are economic profits at this price? Why would a firm be willing to operate permanently at this price?
What will be an ideal response?
A superior level of technology is an important reason the productivity of workers in rich countries is high
a. True b. False Indicate whether the statement is true or false
"Free trade benefits one country at another country's expense." Evaluate this statement using economic analysis