Which of the following multinational firms would not be defined as strictly an American corporation?
A. Apple.
B. Ford Motor Company.
C. Honda Motor Company.
D. Nissan Motor Company.
E. All of these would not be defined as strictly an American corporation.
Answer: E
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A private good is ________ and ________
A) rival; excludable B) nonrival; excludable C) rival; nonexcludable D) nonrival; nonexcludable
Which of the following statements regarding the efficiency of monopolistic competition is FALSE?
A) Compared to a situation with total product uniformity, monopolistic competition might be efficient. B) Resources are used efficiently when marginal social benefits equals marginal social cost. C) Monopolistic competition is definitely inefficient because price exceeds marginal cost. D) A greater degree of product variety creates a loss because the quantity produced is less than the efficient quantity.
Can health differences fully explain the large disparities in productivity and income per capita across countries?
What will be an ideal response?
Refer to Figure 4-8. Suppose that instead of a rent ceiling, the government imposed a price floor of $2,000 per month for apartments. What is the value of the deadweight loss after the imposition of the price floor?
A) $50,000 B) $125,000 C) $175,000 D) $260,000