Recall the Application about the wireless phone service provided by thousands of entrepreneurial women in Pakistan to answer the following question(s).Recall the Application. What makes the wireless telephone market in Pakistan perfectly competitive?
A. There are many buyers and many sellers.
B. Any entrepreneur who invests $310 can enter the market.
C. Wireless phone calls are a standardized product.
D. All of these are correct.
Answer: D
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State the type of correlation between the following sets of variables
a) Consumption and income b) Education and unemployment c) Availability of health care and death rate d) Pollution control measures adopted in Canada, and number of cases of respiratory diseases in Australia
Suppose that consumers decide to walk to work more frequently and drive cars less. Companies that make walking shoes hire workers, while automobile companies lay off workers. This is an example of
a. frictional unemployment created by sectoral shifts. b. frictional unemployment created by efficiency wages. c. structural unemployment created by efficiency wages. d. structural unemployment created by sectoral shifts.
"If event A occurs then event B will follow" is a
A. statement lacking in logic. B. positive statement. C. non-testable statement. D. normative statement.
On average, globalization has:
A. been insignificant. B. benefited Americans. C. left Americans no better or not worse off. D. hurt Americans.