One way developing countries have been able to break into the world export market is by
A. joining international export cartels and creating monopoly in the export market.
B. using Import-Substituting Industrialization (ISI) to force exports by limiting imports.
C. becoming locations for low-cost assembly of more technologically advanced products.
D. carrying out extensive research and development giving impetus to high technological progress.
Answer: C
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Fill in the blank(s) with correct word
Under a marketable pollution permit system, property rights to an externality are created so that a more efficient allocation of resources will result
a. True b. False Indicate whether the statement is true or false
Suppose the federal government is considering alternatives to increase the level of real GDP in order to reduce unemployment. It can only do one of the following. Which will have the smallest impact on the federal budget?
a. decreasing transfer payments b. increasing government spending c. increasing transfer payments d. decreasing government spending
For a monopolist that does not price discriminate, economic profit is maximized in the short run at a price of $140 . Marginal revenue at that output level is
a. equal to $140. b. greater than $140. c. less than $140. d. less than marginal cost. e. greater than average revenue.