China has experienced particularly high rates of economic growth as a result of
A. High rates of government spending.
B. High rates of capital investment.
C. High rates of consumer spending.
D. Low rates of saving.
Answer: B
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Investment in safety at the firm level poses a prisoners' dilemma because
A) if each firm plays its dominant strategy, joint profits are maximized. B) if each firm plays its dominant strategy, joint profits are not maximized. C) neither firm has a dominant strategy. D) the Nash equilibrium is not achieved.
Show what happens to the industry equilibrium when new firms enter a perfectly competitive market in the long run.
What will be an ideal response?
Which of the following statements is true?
A. Emissions-trading is trading that allows firms to buy and sell the right to pollute. B. The Coase Theorem is the proposition that private markets can rarely ever achieve social efficiency. C. The free-rider problem refers to those who ride on public transit systems without paying. D. Government failure has never occurred in the United States.
Most U.S. residents are taxed at marginal rates of _____ percent and _____ percent.
Fill in the blank(s) with the appropriate word(s).