Suppose that a country that has a high level of output per person agrees to trade with a country that has a low level of output per person. Which country can benefit?
a. only the one with a low level of output per person.
b. only the one with a high level of output per person.
c. both
d. neither
c
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The Robinson-Patman Act strengthened the merger provisions of the Clayton Act
a. True b. False Indicate whether the statement is true or false
When a firm's demand curve is downward-sloping, its marginal revenue at any positive sales quantity is ______ its price.
A. greater than B. less than C. equal to D. less than or equal to
Use the following graph to answer the next question.
The year 2000 must be the ________.
A. year when depreciation or capital consumption equaled zero B. year when GDP equaled 100 C. base year of the GDP price index D. year when the GDP price index is zero
One of the challenges for development economists working in health care is to figure out a way to:
A. give incentives to families to make better health care choices. B. force doctors to practice good medicine. C. decrease the frequency of preventative medicine, such as immunizing children. D. All of these statements are true.