Which of the following is a reason why German per capita energy consumption is significantly lower than American per capita energy consumption?
A. German homes tend to be larger.
B. Germany is a smaller country.
C. German consumers pay hefty fees for overuse of energy.
D. German homes have energy-efficient appliances.
Answer: B
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A high degree of competition is not always feasible in the production of
a. toothpaste. b. cosmetics. c. foodstuffs. d. public utilities.
James 16 wagons, 32 tricycles. Lucy 18 wagons, 24 tricycles Table 2-6 shows the output per week of two people, James and Lucy. They can either devote their time to making bracelets or making necklaces. 3) Refer to Table 2-6. Which of the following statements is true?
A) Lucy has a comparative advantage in making tricycles and James in making wagons. B) James has a comparative advantage in making both products. C) Lucy has a comparative advantage in making both products. D) Lucy has a comparative advantage in making wagons and James in making tricycles
_________ are organized groups of workers that bargain collectively with employers.
A. Wage stickers B. Aggregated labor groups C. Unions D. Student councils
Suppose a monopoly concrete contractor builds 20 driveways per month for $10,000 each. In order to increase sales to 21 driveways, the contractor must lower the price of driveways to $9,500. The marginal revenue of the 21st driveway is
A. $500. B. -$500. C. $9,500. D. $199,500.