A majority of the population of the Global South live in ________ and work ________.
A. urban areas; for the government
B. rural areas; in urban areas
C. urban areas; in factories
D. rural areas; in agriculture
Answer: D
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Two operators of separate networks would not want to be compatible so they could connect their networks
Indicate whether the statement is true or false
A wage-price spiral is the result of
A. lower wages and higher prices. B. higher wages and lower prices. C. higher wages and higher prices. D. lower wages and lower prices.
We would expect
A. the demand for Coca-Cola to be relatively more elastic than the demand for soft drinks in general. B. no relationship between the price elasticity of demand for Coca-Cola and the price elasticity of demand for soft drinks in general. C. the demand for Coca-Cola to be relatively more inelastic than the demand for soft drinks in general. D. none of these to hold true.
Which of the following is correct when a price is set below a market's equilibrium price?
a. quantity demanded exceeds quantity supplied at the set price b. quantity demanded is less than quantity supplied at the set price c. quantity demanded is equal to quantity supplied at the set price d. at the set price there is a surplus e. the market price is less than the ceiling price