The assumptions needed for the Coase theorem to work:
A. are often observed in the real world.
B. often do not hold true in the real world.
C. never hold true in the real world.
D. always hold true in the real world.
B. often do not hold true in the real world.
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As we move along a planned expenditures line
A) price level falls. B) price level fluctuates depending on whether the economy is expanding or contracting. C) price level rises. D) price level is held constant.
A country would tend to experience currency depreciation relative to other countries if: a. the profitability of investments within the country increases relative to the rest of the world. b. people in the foreign currency markets expect the value of the currency to rise in the near future. c. the foreign demand for its exports decreases
d. none of the above.
One seamstress can sew 2 dresses per day and two seamstresses can sew 5 dresses per day. If the marginal revenue product of hiring the second seamstress is $360, then in a competitive product market
a. there are decreasing returns to scale b. there are diminishing returns to labor c. each dress sells for $120 d. the seamstresses are earning zero economic profits in the short run e. marginal cost of production is $120
Discuss differences in production technologies available in various countries as a basis for comparative advantage. In your answer, include a discussion of the role of and the location of R&D. In your answer, include a discussion of the role of and the location of R&D.
What will be an ideal response?