As of 2014, the ratio of exports to GDP for Netherlands was approximately equal to
A) 20%.
B) 40%.
C) 60%.
D) 83%.
D
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When operating on its PPF, a country can produce 2 tons of butter and 200 cars OR 3 tons of butter and 150 cars. The opportunity cost of 1 ton of butter is ________ cars per ton of butter
A) 300 B) 200 C) 50 D) 0.75
The purpose of the network of air quality monitoring stations across the United States is
a. to monitor compliance with National Ambient Air Quality Standards. b. to monitor compliance with the National Emissions Inventory. c. to monitor compliance with the Environmental Protection Agency. d. to monitor compliance with the Air Quality Index. e. to impose environmental responsibility on business and industry. f. None of the above.
Given a tax on wages, the economic theory of labor markets would
A. predict people work less as a result of the tax. B. predict people work more as a result of the tax. C. be unable to predict whether people would work more or less as a result of the tax. D. predict higher unemployment.
Given that diesel cars get much better gas mileage than the typical car, an increase in the price of gasoline would be expected to:
A. decrease the demand for diesel cars. B. increase the demand for diesel cars. C. increase the demand for gasoline. D. decrease the demand for gasoline.