In recent years, China and India have prospered economically by introducing
A. a stronger central bank.
B. more competition through markets.
C. greater government intervention.
D. more centralized planning.
Answer: B
You might also like to view...
The implicit cost incurred by a firm to use its resources to produce its output is the firm's
A) total cost. B) explicit cost. C) opportunity cost. D) accounting cost.
If we observe an economy adjusting to potential GDP as prices fall and real output increases, we can conclude that _____
a. the economy was experiencing an expansionary gap b. there is a labor surplus c. the economy was experiencing a recessionary gap d. self-correction is not the process that is occurring e. there are widespread labor shortages
The firm's demand curve and the industry's demand curve are identical in the _________ market structure(s)
a. monopoly b. oligopoly c. monopolistic competition d. perfect competition e. perfect competition and monopolistic
Dr. X, an assistant professor at a large state university, is trying to decide how to allocate the 50 hours a week she spends working among the various activities expected of an assistant professor. The professor wants to maximize her raise next year and the table shows estimates of how time spent in each activity will contribute to her raise:
Given the above information, how should she allocate her time?
A. 20 hours research, 16 hours teaching, 14 hours service B. 18 hours research, 16 hours teaching, 16 hours service C. 20 hours research, 15 hours teaching, 15 hours service D. 17 hours research, 17 hours teaching, 16 hours service E. none of the above