The country that shows the limits of providing income security
a. France
b. Sweden
c. Germany
d. Italy
e. Holland
B
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In the language of economics, the environment is considered a ___________, a good we have to protect
a. Personal good b. Community good c. Natural good d. Aggregate good
If ZipCo's marginal revenue product curves slope downward, what can we conclude about the structure of the market in which ZipCo sells its product?
a. The firm is a price searcher because price is greater than marginal revenue. b. The firm is a price taker because price is equal to marginal revenue. c. The firm is a price searcher because the price of each resource is constant. d. The firm is a price taker because the price of each resource is constant. e. Nothing.
Which of the following is an example of the "brain drain?"
a. A country's most highly educated workers emigrate to rich countries. b. A country has such a poor educational system that human capital falls over time. c. The population of a country grows so fast that the educational system can't keep up. d. A country steals patented technology from another country.
In a duopoly, each firm faces:
a. a more elastic demand curve if it raises its price. b. a more elastic demand curve if it lowers its price. c. a perfectly elastic demand curve. d. a perfectly inelastic demand curved.