Which of the following regions had the most impressive growth rate between 1960 and 2011?
A) India
B) East Asia
C) Latin America
D) Sub-Saharan Africa
B
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A rising short-run average variable cost of production for a firm indicates that
A. marginal cost is below average variable cost. B. average fixed cost is constant. C. marginal cost is above average variable cost. D. average total cost is at its maximum.
Use the following table for a certain product's market in Marketopia to answer the next question.Quantity Demanded DomesticallyPriceQuantity Supplied Domestically1,400$102,2001,60092,0001,80081,8002,00071,6002,20061,4002,40051,200Assume the small-country model is applicable. If the world price of the product is $6 and a tariff of $1 per unit is applied to imports of the product, then the total revenue (after tariff) going to domestic producers would be ________ and the total revenue (after tariff) going to foreign producers would be ________.
A. $8,400; $2,800 B. $11,200; $2,400 C. $13,200; $2,400 D. $11,200; $2,800
In Figure 9.8, if full-employment income is produced at $400 billion, the government can reduce a recessionary gap by
A. Decreasing government spending. B. Increasing taxes. C. Decreasing investment spending. D. Decreasing income taxes on consumers.
The unemployment rate of:
A. women greatly exceeds that of men. B. whites is roughly equal to that of African Americans. C. managerial and professional workers exceeds that of construction and extraction workers. D. teenagers is much higher than that of adults.