What disabling muscle disorder usually affects children?
A. Fibromyalgia
B. Muscular dystrophy
C. Myasthenia gravis
D. Strain
Answer: B. Muscular dystrophy
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The increase in wage inequality resulting from globalization can be reversed through:
A. making markets more competitive. B. revoking the principle of comparative advantage. C. decreases in worker mobility. D. increases in worker mobility.
In the short run, when a firm is about to begin production it pays only:
A) variable costs. B) opportunity costs. C) sunk costs. D) fixed costs.
Refer to Figure 4.3. All else equal, a decrease in the desire of households to consume today accompanied by an increase in corporate taxes would cause which of the following shifts?
A) S1 to S2 and D1 to D2 B) S2 to S1 and D1 to D2 C) S1 to S2 and D2 to D1 D) S2 to S1 and D2 to D1
Refer to the payoff matrix below. Which of the following is true for Best Lights?
A) They do not have a dominant strategy.
B) Their pure strategy is to set a Low Price.
C) They do not have a pure strategy.
D) Their pure strategy is to set a High Price.