The information technology revolution seems to have had its greatest positive effect on labor productivity growth in the ____ period
a. 1948-1973
b. 1973-1995
c. 1995-2005
d. 1948-2005
c
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Which of the following is not an example of foreign aid?
a. U.S. discount department stores purchasing toys from Chinese manufacturers b. The International Monetary Fund extending loans to countries that have trouble with their balance of payments c. The World Bank providing loans and grants to support health and education programs d. The U.S. government paying to build an electricity plant in Albania e. The Australian government paying to repair highways in Tonga
If the eyeglass industry is monopolistically competitive, then in the long-run: a. the price of eyeglasses will equal marginal revenue. b. the price of eyeglasses will exceed marginal cost. c. firms can earn economic profits
d. firms are price takers.
Consider an Edgeworth economy where there are two citizens, Mr. Cortopassi and Ms. Thomas. There are only two goods to be consumed in the economy, Beer and Pretzels. The total amount of Beer is 12 units. The total amount of Pretzels is 12 units. Answer the following: Suppose Mr. Cortopassi has utility for the two goods characterized as U C (B,P) = B + P. Ms. Thomas's utility function is U T (B,P) = B + P. Identify the points that are Pareto efficient.
What will be an ideal response?
For a perfect competitor, marginal revenue equals
A. price divided by average revenue. B. the slope of the demand curve. C. the market price. D. average revenue divided by price.