"Late registration will result in an additional $30 fee." This is an example of:
A. trade-off.
B. a disincentive.
C. marginal cost.
D. group responsibility.
B. a disincentive.
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In the U.S. in 2012 the poverty level for a family of four was about
A) $23,000. B) $34,000. C) $10,000. D) $15,000.
In monopolistic competition there is/are
A) only one seller who faces a downward-sloping demand curve. B) many sellers who each face a perfectly elastic demand curve. C) a few sellers who each face a downward-sloping demand curve. D) many sellers who each face a downward-sloping demand curve.
Which of the following does not hinder economic development?
a. low birth rates b. low saving c. lack of infrastructure d. low levels of technology e. the importance of tradition
Which of the following is a true statement?
a. GDP per capita does not account for the difference in the cost of living among nations. b. The LDC classification is of the questionable accuracy. c. All of the answers are correct. d. GDP per capita is affected by exchange rate changes. e. GDP per capita ignores the degree of income distribution.