Which one of the following is not a mixed economy?
A. United States
B. China
C. Japan
D. All of the countries listed are mixed economies.
D. All of the countries listed are mixed economies.
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Statistics show that 88% of all computer science majors are ________ and 86% of all architects and engineers are ________
A) men; men B) men; women C) women; men D) women; women
A public good can be consumed by
A) only one person who does not have to pay for it. B) only one person who has to pay for it. C) everyone simultaneously, as long as they pay for it. D) everyone simultaneously, even if they do not pay for it.
Which of the following is always associated with monopolistic competition?
a. Identical products b. Economic profits in the short run c. MR lies above the demand curve d. Demand curves become more inelastic as new entry occurs e. Product differentiation
Moe and Curley have identical skills. Their jobs are identical, except Moe's job provides more on-the-job training experiences than does Curley's job. Who will have the higher observed wage rate?
a. Moe's wage rate will be higher than Curley's. b. Curley's wage rate will be higher than Moe's. c. Moe and Curley will be paid the same wage rate. d. There is insufficient information to determine who will be paid the higher wage.